Settings8H · net · $10k
Funding arb · Price arb /

IRYS

all IRYS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.46 per $10,000 · paid last 24h −0.169%
Price spread now: BloFin against BingX−0.186%81s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.401%−$40 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.186% cheaper against BingX than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.401%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX IRYS-USDT0.016120.0406pay 0.0203% / 4h3h 39m$1.2M
ShortBloFin IRYS-USDT0.016090.0497get 0.0249% / 4h3h 39m$96K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
$19.2
Price spread: −0.186% → 0.000%
−$18.61
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$21.41
Costs to cover
0.220%
Break-even
14.8 days
Slippage unknown: BingX: live order book, 10 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago9.35 bp59.1 bp −$59291.4 bp −$2,914doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IRYS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX IRYS-USDT-SWAP+0.0100%4h0.01609−0.186%$616K$100K10xas long as short
Gate IRYS_USDT+0.0100%4h0.016120.000%$242K$8K20xas long as short
Bitget IRYSUSDT+0.0100%4h0.01608−0.248%$919K$83K20xas long as short
BingX IRYS-USDTlong+0.0406%4h0.01612long leg$1.2M
MEXC IRYS_USDT+0.0460%4h0.01613+0.062%$253K$118K20xas long as short
Binance IRYSUSDT+0.0462%4h0.01613+0.062%$1.8M$787K20xas long as short
Extended IRYS-USD+0.0464%1h0.01613+0.038%$4K$113K5xas long as short
Variational Omni IRYS+0.0480%4h0.01608−0.233%$8K$6as long as short
BloFin IRYS-USDTshort+0.0497%4h0.01609−0.186%$96K$19K20x
Bybit IRYSUSDT+0.0595%4h0.01608−0.242%$793K$154K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin IRYSUSDTM+0.0754%4h0.01612−0.025%$681K$6.5M20xas long as short
Aster IRYSUSDT+0.0872%4h0.01611−0.056%$1K$5K5xas long as short