IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0684%/8h= −74.9% APRnext payment −$3.42 per $10,000 · paid last 24h −0.196%

Price spread now: OKX against BingX0.000%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2402.404% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.442%−$44 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now 0.000%, 7d avg −0.070%

Together, before fees−0.525%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.070% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.070%): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.442% in total) that is about 27 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.442% in total (about -23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.42 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	BingX IRYS-USDT	0.01610	0.0784	pay 0.0392% / 4h	2h 50m	—	$1.2M	—
Short	OKX IRYS-USDT-SWAP	0.01610	0.0100	get 0.0050% / 4h	2h 50m	$616K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BingXbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$143.64
Price spread: 0.000% → −0.070%: $6.97
Slippage, 4 orders: −$220.4
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$377.08
Costs to cover: 2.404%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; OKX: live order book, 15 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, 9 min ago	6.19 bp	62.0 bp −$62	421.6 bp −$4,216	doesn't fit	doesn't fit
Sell OKX live order book, 15 min ago	3.09 bp	66.2 bp −$66	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
OKX IRYS-USDT-SWAPshort	+0.0100%	4h	0.01610	0.000%	$616K	$99K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01607	−0.186%	$241K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01609	−0.062%	$922K	$90K	20x	as long as short
Bybit IRYSUSDT	+0.0364%	4h	0.01608	−0.124%	$795K	$162K	20x	as long as short
Variational Omni IRYS	+0.0373%	4h	0.01606	−0.248%	$8K	$6	—	as long as short
BloFin IRYS-USDT	+0.0751%	4h	0.01614	+0.248%	$99K	$19K	20x	as long as short
Binance IRYSUSDT	+0.0774%	4h	0.01613	+0.186%	$1.8M	$794K	20x	as long as short
Extended IRYS-USD	+0.0776%	1h	0.01611	+0.085%	$2K	$82K	5x	as long as short
MEXC IRYS_USDT	+0.0778%	4h	0.01613	+0.186%	$253K	$116K	20x	as long as short
BingX IRYS-USDTlong	+0.0784%	4h	0.01610	long leg	—	$1.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1228%	4h	0.01606	−0.243%	$1K	$2K	5x	as long as short
KuCoin IRYSUSDTM	+0.1326%	4h	0.01609	−0.087%	$694K	$6.5M	20x	as long as short