Funding you earn now, next payment 04:00 UTC+0.0408%/8h= +44.7% APRnext payment +$2.04 per $10,000 · paid last 24h +0.071%
Price spread now: KuCoin against Bitget−0.300%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$2852.851% of the position
Funding, last 7 days+0.469%+$47 on $10k
+Price spread, last 4 days (all we have)+0.419%+$42 · spread now −0.300%, 7d avg −0.037%
=Funding pays, the price is against you. KuCoin is 0.262% cheaper against Bitget than usual: you would sell low and buy high (spread −0.300% now, against its 7-day average of −0.037%). If the spread goes back, that is −$26 on $10k: about 2.1 days of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRYSUSDT | 0.01636 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $940K | $94K | 20x |
| Short | KuCoin IRYSUSDTM | 0.01631 | 0.0508 | get 0.0254% / 4h | 1h 14m | $710K | $6.4M | 20x |
Bitget IRYSUSDT
KuCoin IRYSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $85.68
- Price spread: −0.300% → −0.037%
- −$26.24
- Slippage, 4 orders
- −$261.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$225.71
- Costs to cover
- 2.851%
- Break-even
- 25.4 days
Slippage from Bitget: live order book, 47 min ago; KuCoin: live order book, 4 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, 47 min ago | 6.18 bp | 61.2 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 18.06 bp | 69.1 bp −$69 | 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 IRYSUSDT | +0.0100% | 4h | 0.01631 | −0.281% | $807K | $139K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01632 | −0.244% | $625K | $92K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01632 | −0.244% | $245K | $8K | 20x | as long as short |
| Bitget IRYSUSDTlong | +0.0100% | 4h | 0.01636 | long leg | $940K | $94K | 20x | |
| Variational Omni IRYS | +0.0100% | 4h | 0.01632 | −0.218% | $8K | $6 | — | as long as short |
| MEXC IRYS_USDT | +0.0366% | 4h | 0.01634 | −0.122% | $253K | $110K | 20x | as long as short |
| Binance IRYSUSDT | +0.0367% | 4h | 0.01634 | −0.122% | $1.8M | $723K | 20x | as long as short |
| Extended IRYS-USD | +0.0368% | 1h | 0.01634 | −0.149% | $5K | $86K | 5x | as long as short |
| BingX IRYS-USDT | +0.0398% | 4h | 0.01632 | −0.244% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDT | +0.0412% | 4h | 0.01637 | +0.061% | $100K | $19K | 20x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Variational Omni IRYS
MEXC IRYS_USDT
Binance IRYSUSDT
Extended IRYS-USD
BingX IRYS-USDT
BloFin IRYS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTMshort | +0.0508% | 4h | 0.01631 | −0.300% | $710K | $6.4M | 20x | |
| Aster IRYSUSDT | +0.0996% | 4h | 0.01631 | −0.325% | $1K | $2K | 5x | as long as short |
Aster IRYSUSDT