IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0696%/8h= +76.2% APRnext payment +$3.48 per $10,000 · paid last 24h +0.196%

Price spread now: BingX against Bitget−0.249%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2262.260% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.479%+$48 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.249%, 7d avg −0.035%

Together, before fees+0.743%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.214% cheaper against Bitget than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of −0.035%). If the spread goes back, that is −$21 on $10k: about 25 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.479% in total) that is about 3.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.48 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	Bitget IRYSUSDT	0.01608	0.0100	pay 0.0050% / 4h	2h 54m	$922K	$90K	20x
Short	BingX IRYS-USDT	0.01604	0.0796	get 0.0398% / 4h	2h 54m	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.249%Rate

Funding earned: $146.16
Price spread: −0.249% → −0.035%: −$21.38
Slippage, 4 orders: −$204.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$101.23
Costs to cover: 2.260%
Break-even: 11.8 days

Slippage from Bitget: live order book, 11 min ago; BingX: live order book, 5 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 Bitget live order book, 11 min ago	3.09 bp	59.0 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.19 bp	54.9 bp −$55	148.1 bp −$1,481	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-SWAP	+0.0100%	4h	0.01603	−0.311%	$613K	$99K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01602	−0.373%	$240K	$8K	20x	as long as short
Bitget IRYSUSDTlong	+0.0100%	4h	0.01608	long leg	$922K	$90K	20x
Bybit IRYSUSDT	+0.0373%	4h	0.01602	−0.354%	$793K	$161K	20x	as long as short
Variational Omni IRYS	+0.0429%	4h	0.01601	−0.417%	$8K	$6	—	as long as short
BingX IRYS-USDTshort	+0.0796%	4h	0.01604	−0.249%	—	$1.2M	—
Binance IRYSUSDT	+0.0806%	4h	0.01605	−0.184%	$1.8M	$791K	20x	as long as short
Extended IRYS-USD	+0.0808%	1h	0.01604	−0.271%	$2K	$78K	5x	as long as short
MEXC IRYS_USDT	+0.0816%	4h	0.01604	−0.249%	$251K	$115K	20x	as long as short
BloFin IRYS-USDT	+0.0821%	4h	0.01603	−0.311%	$97K	$19K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1262%	4h	0.01604	−0.220%	$1K	$2K	5x	as long as short
KuCoin IRYSUSDTM	+0.1376%	4h	0.01604	−0.224%	$693K	$6.5M	20x	as long as short