Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.111%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1701.703% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.111%, 7d avg −0.022%
=Funding pays, the price is against you. MEXC is 0.089% cheaper against Binance than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.022%). If the spread goes back, that is −$9 on $10k: about 26 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.001% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRYSUSDT | 0.01640 | 0.0355 | pay 0.0177% / 4h | 1h 13m | $1.8M | $723K | 20x |
| Short | MEXC IRYS_USDT | 0.01638 | 0.0366 | get 0.0183% / 4h | 1h 13m | $253K | $110K | 20x |
Binance IRYSUSDT
MEXC IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $2.39
- Price spread: −0.111% → −0.022%
- −$8.95
- Slippage, 4 orders
- −$156.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$176.82
- Costs to cover
- 1.703%
- Break-even
- 524.0 days
Slippage from Binance: live order book, 6 min ago; MEXC: live order book, 31 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, 6 min ago | 3.06 bp | 62.5 bp −$63 | 1106.1 bp −$11.1K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 31 min ago | 3.06 bp | 19.7 bp −$20 | 166.3 bp −$1,663 | 434.7 bp −$43.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDT | +0.0100% | 4h | 0.01636 | −0.215% | $811K | $142K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01638 | −0.111% | $628K | $92K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01634 | −0.355% | $245K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01641 | +0.071% | $943K | $94K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01632 | −0.451% | $8K | $6 | — | as long as short |
| BloFin IRYS-USDT | +0.0295% | 4h | 0.01637 | −0.172% | $100K | $19K | 20x | as long as short |
| Extended IRYS-USD | +0.0352% | 1h | 0.01639 | −0.079% | $5K | $86K | 5x | as long as short |
| Binance IRYSUSDTlong | +0.0355% | 4h | 0.01640 | long leg | $1.8M | $723K | 20x | |
| MEXC IRYS_USDTshort | +0.0366% | 4h | 0.01638 | −0.111% | $253K | $110K | 20x | |
| BingX IRYS-USDT | +0.0398% | 4h | 0.01637 | −0.172% | — | $1.2M | — | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BloFin IRYS-USDT
Extended IRYS-USD
BingX IRYS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTM | +0.0496% | 4h | 0.01636 | −0.252% | $711K | $6.4M | 20x | as long as short |
| Aster IRYSUSDT | +0.0981% | 4h | 0.01633 | −0.447% | $1K | $2K | 5x | as long as short |
KuCoin IRYSUSDTM
Aster IRYSUSDT