IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0255%/8h= −27.9% APRnext payment −$1.27 per $10,000 · paid last 24h −0.027%

Price spread now: OKX against Binance+0.077%7-day average −0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2612.607% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.077%, 7d avg −0.167%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.244% dearer against Binance than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.167%): +$24 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.013% in total) that is about 4 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 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	0.01636	0.0355	pay 0.0177% / 4h	1h 13m	$1.8M	$721K	20x
Short	OKX IRYS-USDT-SWAP	0.01637	0.0100	get 0.0050% / 4h	1h 13m	$625K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$53.47
Price spread: +0.077% → −0.167%: $24.45
Slippage, 4 orders: −$240.7
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$289.72
Costs to cover: 2.607%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; OKX: live order book, 47 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	3.06 bp	62.5 bp −$63	1106.1 bp −$11.1K	doesn't fit	doesn't fit
Sell OKX live order book, 47 min ago	6.19 bp	62.3 bp −$62	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
Bybit IRYSUSDT	+0.0100%	4h	0.01636	+0.004%	$810K	$140K	20x	as long as short
OKX IRYS-USDT-SWAPshort	+0.0100%	4h	0.01637	+0.077%	$625K	$92K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01632	−0.229%	$245K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01636	+0.016%	$940K	$94K	20x	as long as short
Variational Omni IRYS	+0.0100%	4h	0.01632	−0.202%	$8K	$6	—	as long as short
Binance IRYSUSDTlong	+0.0355%	4h	0.01636	long leg	$1.8M	$721K	20x
MEXC IRYS_USDT	+0.0366%	4h	0.01635	−0.045%	$253K	$110K	20x	as long as short
Extended IRYS-USD	+0.0368%	1h	0.01634	−0.093%	$5K	$86K	5x	as long as short
BingX IRYS-USDT	+0.0398%	4h	0.01634	−0.106%	—	$1.2M	—	as long as short
BloFin IRYS-USDT	+0.0412%	4h	0.01637	+0.077%	$100K	$19K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IRYSUSDTM	+0.0496%	4h	0.01632	−0.216%	$710K	$6.4M	20x	as long as short
Aster IRYSUSDT	+0.0981%	4h	0.01631	−0.315%	$1K	$2K	5x	as long as short