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 $0.1546 and the highest bid on Gate spot at $0.1548.
The widest IO perpetual spread is between Bybit and Bitget: long IO on Bybit at $0.1546 and short on Bitget at $0.1548 for +0.13% gross, or -0.03% 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 0.000% 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 Binance and short the perpetual on Bitget: -0.06% gross, -0.26% net, with +0.030% a day of funding on the short leg.
Spot–spot IO arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.05% 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.