IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1020%/8h= +111.7% APRnext payment +$5.10 per $10,000 · paid last 24h +0.134%

Price spread now: BingX against Binance−0.180%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2152.146% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.180%, 7d avg −0.069%

Together, before fees+0.486%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.110% cheaper against Binance than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.069%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.377% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.377% in total (about 19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IRYSUSDT	0.01600	0.0100	pay 0.0050% / 4h	29m 00s	$1.8M	$813K	20x
Short	BingX IRYS-USDT	0.01597	0.1120	get 0.0560% / 4h	29m 00s	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.180%Rate

Funding earned: $214.2
Price spread: −0.180% → −0.069%: −$11.05
Slippage, 4 orders: −$194.6
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.45
Costs to cover: 2.146%
Break-even: 7.4 days

Slippage from Binance: live order book, 5 min ago; BingX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	6.24 bp	66.5 bp −$67	1122.0 bp −$11.2K	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	9.38 bp	47.5 bp −$48	140.1 bp −$1,401	doesn't fit	doesn't fit

IRYS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IRYS-USDT	+0.0099%	4h	0.01601	+0.070%	$97K	$19K	20x	as long as short
Binance IRYSUSDTlong	+0.0100%	4h	0.01600	long leg	$1.8M	$813K	20x
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01602	+0.133%	$613K	$103K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01598	−0.117%	$240K	$8K	20x	as long as short
MEXC IRYS_USDT	+0.0100%	4h	0.01599	−0.055%	$250K	$118K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01599	−0.055%	$912K	$83K	20x	as long as short
Extended IRYS-USD	+0.0104%	1h	0.01599	−0.046%	$753	$110K	5x	as long as short
Variational Omni IRYS	+0.0242%	4h	0.01596	−0.266%	$8K	$1	—	as long as short
KuCoin IRYSUSDTM	+0.0340%	4h	0.01599	−0.061%	$671K	$6.6M	20x	as long as short
Aster IRYSUSDT	+0.0349%	4h	0.01598	−0.120%	$1K	$5K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IRYS-USDTshort	+0.1120%	4h	0.01597	−0.180%	—	$1.2M	—
Bybit IRYSUSDT	+0.1218%	4h	0.01595	−0.324%	$788K	$154K	20x	as long as short