Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRnext payment −$1.97 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against BloFin−0.186%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and OKX is 0.186% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 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 | BloFin IRYS-USDT | 0.01610 | 0.0493 | pay 0.0247% / 4h | 3h 37m | $97K | $19K | 20x |
| Short | OKX IRYS-USDT-SWAP | 0.01607 | 0.0100 | get 0.0050% / 4h | 3h 37m | $615K | $99K | 10x |
BloFin IRYS-USDT
OKX IRYS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- −$82.56
- Price spread: −0.186% → 0.000%
- −$18.63
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$123.19
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; OKX: live order book, 34 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 OKX live order book, 34 min ago | 3.13 bp | 56.0 bp −$56 | doesn't fit | doesn't fit | 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-SWAPshort | +0.0100% | 4h | 0.01607 | −0.186% | $615K | $99K | 10x | |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01610 | 0.000% | $242K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01611 | +0.062% | $921K | $84K | 20x | as long as short |
| MEXC IRYS_USDT | +0.0460% | 4h | 0.01611 | +0.062% | $252K | $118K | 20x | as long as short |
| Binance IRYSUSDT | +0.0461% | 4h | 0.01612 | +0.128% | $1.8M | $782K | 20x | as long as short |
| Extended IRYS-USD | +0.0464% | 1h | 0.01612 | +0.133% | $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 |
Gate IRYS_USDT
Bitget IRYSUSDT
MEXC IRYS_USDT
Binance IRYSUSDT
Extended IRYS-USD
Variational Omni IRYS
Bybit IRYSUSDT
BingX IRYS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTM | +0.0766% | 4h | 0.01609 | −0.037% | $679K | $6.5M | 20x | as long as short |
| Aster IRYSUSDT | +0.0869% | 4h | 0.01608 | −0.124% | $1K | $5K | 5x | as long as short |
KuCoin IRYSUSDTM
Aster IRYSUSDT