Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.168%
Price spread now: MEXC against BingX+0.248%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1491.495% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.248%, 7d avg +0.076%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.172% dearer against BingX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.427%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX IRYS-USDT | 0.01612 | 0.0754 | pay 0.0377% / 4h | 2h 49m | — | $1.2M | — |
| Short | MEXC IRYS_USDT | 0.01616 | 0.0778 | get 0.0389% / 4h | 2h 49m | $253K | $116K | 20x |
BingX IRYS-USDT
MEXC IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $5.04
- Price spread: +0.248% → +0.076%
- $17.19
- Slippage, 4 orders
- −$135.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$127.25
- Costs to cover
- 1.495%
- Break-even
- 183.7 days
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 65 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 | 6.19 bp | 62.0 bp −$62 | 421.6 bp −$4,216 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 65 min ago | 3.11 bp | 16.9 bp −$17 | 124.4 bp −$1,244 | 437.7 bp −$43.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01614 | +0.124% | $616K | $99K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01608 | −0.248% | $241K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01614 | +0.124% | $925K | $90K | 20x | as long as short |
| Variational Omni IRYS | +0.0373% | 4h | 0.01606 | −0.372% | $8K | $6 | — | as long as short |
| Bybit IRYSUSDT | +0.0431% | 4h | 0.01611 | −0.050% | $796K | $162K | 20x | as long as short |
| BloFin IRYS-USDT | +0.0751% | 4h | 0.01614 | +0.124% | $99K | $19K | 20x | as long as short |
| BingX IRYS-USDTlong | +0.0754% | 4h | 0.01612 | long leg | — | $1.2M | — | |
| Binance IRYSUSDT | +0.0774% | 4h | 0.01617 | +0.310% | $1.8M | $802K | 20x | as long as short |
| Extended IRYS-USD | +0.0776% | 1h | 0.01616 | +0.275% | $2K | $82K | 5x | as long as short |
| MEXC IRYS_USDTshort | +0.0778% | 4h | 0.01616 | +0.248% | $253K | $116K | 20x |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
Bybit IRYSUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRYSUSDT | +0.1228% | 4h | 0.01609 | −0.174% | $1K | $2K | 5x | as long as short |
| KuCoin IRYSUSDTM | +0.1326% | 4h | 0.01611 | −0.056% | $697K | $6.5M | 20x | as long as short |
Aster IRYSUSDT
KuCoin IRYSUSDTM