IOTX arbitrage explained
Right now IoTeX (IOTX) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.003637 and the highest bid on KuCoin spot at $0.003649.
The widest IOTX perpetual spread is between Gate and Bybit: long IOTX on Gate at $0.003637 and short on Bybit at $0.003646 for +0.25% gross, or +0.09% 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 IOTX route is to buy spot on MEXC and short the perpetual on Bybit: +0.11% gross, -0.09% net, with +0.030% a day of funding on the short leg.
Spot–spot IOTX arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) shows +0.19% 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 IOTX 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: IOTX funding rates · IOTX spread charts · IoTeX price · arbitrage scanner for all coins.