Settings8H · net · $10k
Funding arb · Price arb /

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Variational Omni+0.479%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.479% dearer against Variational Omni than usual: you sell high and buy low, +$48 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni IOTA0.047820.0100pay 0.0100% / 8h2h 25m$38K$36K
ShortHyperliquid IOTA0.048050.0100get 0.0013% / 1h25m 59s$828K$246K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.479% → 0.000%
$47.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$38.92
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Hyperliquid live order book, 59 min ago1.67 bp51.4 bp −$51doesn't fitdoesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IOTA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IOTAUSD−0.0668%1h0.04803+0.429%$18K$16K10xas long as short
BloFin IOTA-USDT+0.0078%8h0.04789+0.140%$169K$36K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04805+0.479%$828K$246K3x
Binance IOTAUSDT+0.0100%8h0.04808+0.532%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04806+0.496%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04807+0.517%$565K$1.3M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04801+0.391%$884K$177K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04808+0.538%$587K$187K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04807+0.517%$1.7M$600K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04805+0.475%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTAlong+0.0100%8h0.04782long leg$38K$36K
KuCoin IOTAUSDTM+0.0625%8h0.04808+0.538%$2.7M$223K30xas long as short