ArbiLayer

IO arbitrage

live

Live io.net price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.01%Bybit → Gate · Perp–Perp
Best perp–perp spread+0.15%Bybit → Gate
Markets tracked159 venues · 9 perp · 6 spot · 0 DEX
Price range0.19%$0.1613 – $0.1616

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.1613Gate logoGate$0.1616 +0.15%-0.01% +0.16%— +0.004%— LS Chart →
MEXC logoMEXC$0.1613Gate logoGate$0.1616 +0.15%-0.01% +0.16%— +0.007%— LS Chart →
Bybit logoBybit$0.1613Bitget logoBitget$0.1615 +0.12%-0.04% +0.12%— +0.004%— LS Chart →
MEXC logoMEXC$0.1613Bitget logoBitget$0.1615 +0.12%-0.04% +0.13%— +0.007%— LS Chart →
Binance logoBinance$0.1614Gate logoGate$0.1616 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.1614Gate logoGate$0.1616 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Binance logoBinance$0.1614Bitget logoBitget$0.1615 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.1614Bitget logoBitget$0.1615 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Variational logoVariational$0.1615Gate logoGate$0.1616 +0.03%-0.13% +0.05%— +0.101%— LS Chart →
Bybit logoBybit$0.1613Binance logoBinance$0.1613 0.00%-0.16% +0.00%— +0.004%— LS Chart →
Bybit logoBybit$0.1613KuCoin logoKuCoin$0.1613 0.00%-0.16% +0.00%— +0.004%— LS Chart →
Bybit logoBybit$0.1613Hyperliquid logoHyperliquid$0.1613 0.00%-0.16% -0.00%— +0.004%— LS Chart →
MEXC logoMEXC$0.1613Binance logoBinance$0.1613 0.00%-0.16% +0.00%— +0.007%— LS Chart →
MEXC logoMEXC$0.1613KuCoin logoKuCoin$0.1613 0.00%-0.16% +0.00%— +0.007%— LS Chart →
MEXC logoMEXC$0.1613Hyperliquid logoHyperliquid$0.1613 0.00%-0.16% -0.00%— +0.007%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IO price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · IO_USDTPerpetual $0.1616$0.1616$0.1616+0.07% +0.030%$2.82M
Bybit logoBybitPerpetual · IOUSDTPerpetual $0.1612$0.1613$0.1613-0.12% +0.026%$1.12M
Bitget logoBitgetPerpetual · IOUSDTPerpetual $0.1615$0.1616$0.1616+0.06% +0.030%$875.1K
Hyperliquid logoHyperliquidPerpetual · IOPerpetual $0.1613$0.1616$0.1614-0.01% +0.030%$502.8K
MEXC logoMEXCPerpetual · IO_USDTPerpetual $0.1612$0.1613$0.1613-0.12% +0.023%$296.5K
Bybit logoBybitSpot · IOUSDTSpot $0.1614$0.1615$0.16140.00% —$273.8K
Gate logoGateSpot · IO_USDTSpot $0.1615$0.1616$0.1615+0.05% —$156.3K
KuCoin logoKuCoinPerpetual · IOUSDTMPerpetual $0.1613$0.1614$0.1614-0.06% +0.030%$134.2K
KuCoin logoKuCoinSpot · IO-USDTSpot $0.1614$0.1615$0.16140.00% —$101.4K
Bitget logoBitgetSpot · IOUSDTSpot $0.1613$0.1615$0.1614-0.03% —$60.3K
Variational logoVariationalPerpetual · IOPerpetual $0.161$0.1615$0.1613-0.12% -0.071%$29.3K
Binance logoBinancePerpetual · IOUSDTPerpetual $0.1613$0.1614$0.1614-0.06% +0.030%—
Aster logoAsterPerpetual · IOUSDTPerpetual $0.1612$0.1617$0.1615+0.00% +0.030%—
Binance logoBinanceSpot · IOUSDTSpot $0.1615$0.1616$0.1616+0.06% ——
MEXC logoMEXCSpot · IOUSDTSpot $0.1615$0.1616$0.1615+0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IO arbitrage explained

Right now io.net (IO) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1613 and the highest bid on Gate perp at $0.1616.

The widest IO perpetual spread is between Bybit and Gate: long IO on Bybit at $0.1613 and short on Gate at $0.1616 for +0.15% gross, or -0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.004% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best IO route is to buy spot on Bybit and short the perpetual on Gate: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.

Spot–spot IO arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small IO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IO funding rates · IO spread charts · io.net price · arbitrage scanner for all coins.

Is there a IO arbitrage opportunity right now?

The best IO route right now is to buy on Bybit → sell on Gate (Perp–Perp): +0.15% gross and -0.01% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest IO?

Bybit (perp) has the lowest IO ask at $0.1613, and Gate (perp) the highest bid at $0.1616. Prices update every 15 seconds on this page.

How many exchanges list IO?

ArbiLayer tracks 15 IO markets on 9 venues: 9 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage IO without transferring coins?

Use two perpetual contracts: go long IO on the cheaper exchange (Bybit now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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