Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.174%
Price spread now: Bitget against BingX+0.062%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2472.470% of the position
Funding, last 7 days−0.487%−$49 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.062%, 7d avg +0.032%
=The price spread pays, funding is against you. Bitget is 0.030% dearer against BingX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.032%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.487% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX IRYS-USDT | 0.01609 | 0.0196 | pay 0.0098% / 4h | 3h 32m | — | $1.3M | — |
| Short | Bitget IRYSUSDT | 0.01610 | 0.0100 | get 0.0050% / 4h | 3h 32m | $923K | $108K | 20x |
BingX IRYS-USDT
Bitget IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$20.16
- Price spread: +0.062% → +0.032%
- $3.02
- Slippage, 4 orders
- −$225.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$264.18
- Costs to cover
- 2.470%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: live order book, 18 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 BingX live order book, 10 min ago | 9.32 bp | 62.3 bp −$62 | 331.2 bp −$3,312 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 18 min ago | 6.19 bp | 61.2 bp −$61 | 503.9 bp −$5,039 | 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 | 0.01605 | −0.273% | $821K | $210K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01607 | −0.124% | $621K | $127K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01610 | +0.062% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDTshort | +0.0100% | 4h | 0.01610 | +0.062% | $923K | $108K | 20x | |
| Variational Omni IRYS | +0.0100% | 4h | 0.01607 | −0.148% | $8K | $6 | — | as long as short |
| KuCoin IRYSUSDTM | +0.0140% | 4h | 0.01606 | −0.193% | $707K | $6.3M | 20x | as long as short |
| BloFin IRYS-USDT | +0.0183% | 4h | 0.01611 | +0.124% | $98K | $20K | 20x | as long as short |
| BingX IRYS-USDTlong | +0.0196% | 4h | 0.01609 | long leg | — | $1.3M | — | |
| Binance IRYSUSDT | +0.0206% | 4h | 0.01610 | +0.091% | $1.8M | $897K | 20x | as long as short |
| Extended IRYS-USD | +0.0208% | 1h | 0.01610 | +0.064% | $646 | $88K | 5x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Variational Omni IRYS
KuCoin IRYSUSDTM
BloFin IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC IRYS_USDT | +0.0208% | 4h | 0.01609 | 0.000% | $247K | $90K | 20x | as long as short |
| Aster IRYSUSDT | +0.0923% | 4h | 0.01607 | −0.131% | $1K | $2K | 5x | as long as short |
MEXC IRYS_USDT
Aster IRYSUSDT