Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against BingX−0.149%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$347as in the Price arb table
costs, in and out, $10k−$3413.409% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.149%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.059% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX IRYS-USDT | 0.01607 | 0.0136 | pay 0.0068% / 4h | 30m 38s | — | $1.3M | — |
| Short | Bybit IRYSUSDT | 0.01605 | 0.0100 | get 0.0050% / 4h | 30m 38s | $817K | $205K | 20x |
BingX IRYS-USDT
Bybit IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$7.56
- Price spread: −0.149% → −0.091%
- −$5.87
- Slippage, 4 orders
- −$319.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$354.3
- Costs to cover
- 3.409%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 24 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, 15 min ago | 9.27 bp | 67.9 bp −$68 | 297.1 bp −$2,971 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 24 min ago | 5.18 bp | 105.1 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0082% | 4h | 0.01608 | +0.062% | $99K | $19K | 20x | as long as short |
| Bybit IRYSUSDTshort | +0.0100% | 4h | 0.01605 | −0.149% | $817K | $205K | 20x | |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01607 | 0.000% | $619K | $127K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01605 | −0.124% | $242K | $11K | 20x | as long as short |
| KuCoin IRYSUSDTM | +0.0100% | 4h | 0.01604 | −0.168% | $712K | $6.4M | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01607 | 0.000% | $928K | $104K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01605 | −0.117% | $8K | $6 | — | as long as short |
| Extended IRYS-USD | +0.0112% | 1h | 0.01608 | +0.056% | $3K | $83K | 5x | as long as short |
| MEXC IRYS_USDT | +0.0114% | 4h | 0.01608 | +0.062% | $247K | $98K | 20x | as long as short |
| Binance IRYSUSDT | +0.0116% | 4h | 0.01608 | +0.084% | $1.8M | $853K | 20x | as long as short |
BloFin IRYS-USDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
KuCoin IRYSUSDTM
Bitget IRYSUSDT
Variational Omni IRYS
Extended IRYS-USD
MEXC IRYS_USDT
Binance IRYSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IRYS-USDTlong | +0.0136% | 4h | 0.01607 | long leg | — | $1.3M | — | |
| Aster IRYSUSDT | +0.0785% | 4h | 0.01605 | −0.142% | $1K | $2K | 5x | as long as short |
Aster IRYSUSDT