IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against BloFin+0.124%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.124% dearer against BloFin than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.026% in total) that is about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IRYS-USDT	0.01610	0.0493	pay 0.0247% / 4h	3h 37m	$97K	$19K	20x
Short	MEXC IRYS_USDT	0.01612	0.0460	get 0.0230% / 4h	3h 37m	$252K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$6.96
Price spread: +0.124% → 0.000%: $12.42
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$10.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; MEXC: live order book, 18 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell MEXC live order book, 18 min ago	3.11 bp	16.9 bp −$17	124.4 bp −$1,244	437.7 bp −$43.8K	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01607	−0.186%	$615K	$99K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01609	−0.062%	$241K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01612	+0.124%	$922K	$84K	20x	as long as short
MEXC IRYS_USDTshort	+0.0460%	4h	0.01612	+0.124%	$252K	$118K	20x
Binance IRYSUSDT	+0.0461%	4h	0.01612	+0.124%	$1.8M	$782K	20x	as long as short
Extended IRYS-USD	+0.0464%	1h	0.01611	+0.038%	$4K	$113K	5x	as long as short
Variational Omni IRYS	+0.0480%	4h	0.01608	−0.109%	$8K	$6	—	as long as short
Bybit IRYSUSDT	+0.0490%	4h	0.01606	−0.255%	$792K	$154K	20x	as long as short
BloFin IRYS-USDTlong	+0.0493%	4h	0.01610	long leg	$97K	$19K	20x
BingX IRYS-USDT	+0.0582%	4h	0.01608	−0.124%	—	$1.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IRYSUSDTM	+0.0766%	4h	0.01610	−0.031%	$679K	$6.5M	20x	as long as short
Aster IRYSUSDT	+0.0869%	4h	0.01608	−0.094%	$1K	$5K	5x	as long as short