Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: MEXC against Bitget0.000%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1541.537% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now 0.000%, 7d avg +0.046%
=Funding pays, the price is against you. MEXC is 0.046% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.046%). If the spread goes back, that is −$5 on $10k: about 7.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRYSUSDT | 0.01607 | 0.0100 | pay 0.0050% / 4h | 27m 50s | $928K | $104K | 20x |
| Short | MEXC IRYS_USDT | 0.01607 | 0.0122 | get 0.0061% / 4h | 27m 50s | $246K | $98K | 20x |
Bitget IRYSUSDT
MEXC IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $4.62
- Price spread: 0.000% → +0.046%
- −$4.63
- Slippage, 4 orders
- −$137.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$153.75
- Costs to cover
- 1.537%
- Break-even
- 240.0 days
Slippage from Bitget: live order book, 28 min ago; MEXC: live order book, 12 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, 28 min ago | 6.09 bp | 56.9 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 12 min ago | 3.08 bp | 19.4 bp −$19 | 153.5 bp −$1,535 | 645.3 bp −$64.5K | 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 | 0.01603 | −0.274% | $817K | $205K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01605 | −0.124% | $620K | $128K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01606 | −0.062% | $242K | $11K | 20x | as long as short |
| Bitget IRYSUSDTlong | +0.0100% | 4h | 0.01607 | long leg | $928K | $104K | 20x | |
| Variational Omni IRYS | +0.0100% | 4h | 0.01605 | −0.117% | $8K | $6 | — | as long as short |
| BloFin IRYS-USDT | +0.0100% | 4h | 0.01609 | +0.124% | $99K | $19K | 20x | as long as short |
| KuCoin IRYSUSDTM | +0.0104% | 4h | 0.01605 | −0.137% | $714K | $6.4M | 20x | as long as short |
| BingX IRYS-USDT | +0.0117% | 4h | 0.01607 | 0.000% | — | $1.3M | — | as long as short |
| MEXC IRYS_USDTshort | +0.0122% | 4h | 0.01607 | 0.000% | $246K | $98K | 20x | |
| Extended IRYS-USD | +0.0128% | 1h | 0.01607 | +0.011% | $3K | $83K | 5x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Variational Omni IRYS
BloFin IRYS-USDT
KuCoin IRYSUSDTM
BingX IRYS-USDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance IRYSUSDT | +0.0130% | 4h | 0.01607 | +0.012% | $1.8M | $855K | 20x | as long as short |
| Aster IRYSUSDT | +0.0805% | 4h | 0.01605 | −0.137% | $1K | $2K | 5x | as long as short |
Binance IRYSUSDT
Aster IRYSUSDT