IOST arbitrage explained
Right now IOST trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.000818 and the highest bid on Binance spot at $0.00082.
The widest IOST perpetual spread is between Gate and Bybit: long IOST on Gate at $0.000818 and short on Bybit at $0.00082 for +0.22% gross, or +0.06% 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 IOST route is to buy spot on KuCoin and short the perpetual on Bybit: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot IOST arbitrage (buy on KuCoin, 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 IOST 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: IOST funding rates · IOST spread charts · IOST price · arbitrage scanner for all coins.