Funding you earn now, next payment 04:00 UTC+0.0297%/8h= +32.5% APRnext payment +$1.48 per $10,000 · paid last 24h +0.043%
Price spread now: KuCoin against Binance−0.149%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2782.780% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 7 days+0.434%+$43 · spread now −0.149%, 7d avg −0.043%
=Funding pays, the price is against you. KuCoin is 0.106% cheaper against Binance than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.043%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRYSUSDT | 0.01611 | 0.0461 | pay 0.0231% / 4h | 3h 37m | $1.8M | $785K | 20x |
| Short | KuCoin IRYSUSDTM | 0.01609 | 0.0758 | get 0.0379% / 4h | 3h 37m | $677K | $6.5M | 20x |
Binance IRYSUSDT
KuCoin IRYSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $62.29
- Price spread: −0.149% → −0.043%
- −$10.6
- Slippage, 4 orders
- −$255.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$226.26
- Costs to cover
- 2.780%
- Break-even
- 32.4 days
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 10 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, 11 min ago | 3.11 bp | 59.2 bp −$59 | 1067.1 bp −$10.7K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 7.46 bp | 49.3 bp −$49 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01607 | −0.248% | $615K | $99K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01609 | −0.124% | $241K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01607 | −0.248% | $919K | $83K | 20x | as long as short |
| BingX IRYS-USDT | +0.0406% | 4h | 0.01607 | −0.248% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDT | +0.0445% | 4h | 0.01613 | +0.124% | $97K | $19K | 20x | as long as short |
| Binance IRYSUSDTlong | +0.0461% | 4h | 0.01611 | long leg | $1.8M | $785K | 20x | |
| MEXC IRYS_USDT | +0.0462% | 4h | 0.01610 | −0.062% | $252K | $118K | 20x | as long as short |
| Extended IRYS-USD | +0.0464% | 1h | 0.01611 | −0.024% | $4K | $113K | 5x | as long as short |
| Variational Omni IRYS | +0.0480% | 4h | 0.01608 | −0.171% | $8K | $6 | — | as long as short |
| Bybit IRYSUSDT | +0.0632% | 4h | 0.01605 | −0.354% | $792K | $154K | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
BingX IRYS-USDT
BloFin IRYS-USDT
MEXC IRYS_USDT
Extended IRYS-USD
Variational Omni IRYS
Bybit IRYSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTMshort | +0.0758% | 4h | 0.01609 | −0.149% | $677K | $6.5M | 20x | |
| Aster IRYSUSDT | +0.0873% | 4h | 0.01608 | −0.182% | $1K | $5K | 5x | as long as short |
Aster IRYSUSDT