Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.182%
Price spread now: Bybit against Bitget−0.459%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$526as in the Funding arb table
Net, price: spread back to 7d avg − costs−$606as in the Price arb table
costs, in and out, $10k−$5725.722% of the position
Funding, last 7 days+0.466%+$47 on $10k
+Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.459%, 7d avg −0.125%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.334% cheaper against Bitget than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.125%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRYSUSDT | 0.01612 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $924K | $108K | 20x |
| Short | Bybit IRYSUSDT | 0.01605 | 0.0100 | get 0.0050% / 4h | 3h 33m | $821K | $210K | 20x |
Bitget IRYSUSDT
Bybit IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $0
- Price spread: −0.459% → −0.125%
- −$33.41
- Slippage, 4 orders
- −$549.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$605.58
- Costs to cover
- 5.722%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 17 min ago; Bybit: live order book, 16 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, 17 min ago | 6.19 bp | 57.3 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 4.03 bp | 181.8 bp −$182 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDTshort | +0.0100% | 4h | 0.01605 | −0.459% | $821K | $210K | 20x | |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01607 | −0.310% | $621K | $127K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01610 | −0.124% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDTlong | +0.0100% | 4h | 0.01612 | long leg | $924K | $108K | 20x | |
| Variational Omni IRYS | +0.0100% | 4h | 0.01607 | −0.334% | $8K | $6 | — | as long as short |
| KuCoin IRYSUSDTM | +0.0140% | 4h | 0.01608 | −0.236% | $708K | $6.3M | 20x | as long as short |
| BingX IRYS-USDT | +0.0196% | 4h | 0.01609 | −0.186% | — | $1.3M | — | as long as short |
| Binance IRYSUSDT | +0.0206% | 4h | 0.01610 | −0.125% | $1.8M | $897K | 20x | as long as short |
| Extended IRYS-USD | +0.0208% | 1h | 0.01610 | −0.154% | $646 | $88K | 5x | as long as short |
| MEXC IRYS_USDT | +0.0208% | 4h | 0.01610 | −0.124% | $247K | $90K | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Variational Omni IRYS
KuCoin IRYSUSDTM
BingX IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USD
MEXC IRYS_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0208% | 4h | 0.01610 | −0.124% | $98K | $19K | 20x | as long as short |
| Aster IRYSUSDT | +0.0923% | 4h | 0.01607 | −0.325% | $1K | $2K | 5x | as long as short |
BloFin IRYS-USDT
Aster IRYSUSDT