Funding you earn now, next payment 04:00 UTC+0.0505%/8h= +55.3% APRnext payment +$2.52 per $10,000 · paid last 24h −0.184%
Price spread now: Binance against Bybit+0.241%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$361as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3193.193% of the position
Funding, last 7 days−0.413%−$41 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.241%, 7d avg +0.190%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.050% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.190%. Mind the row above: over the last 7 days funding on this pair cost −0.413%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRYSUSDT | 0.01616 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $799K | $145K | 20x |
| Short | Binance IRYSUSDT | 0.01620 | 0.0605 | get 0.0302% / 4h | 2h 05m | $1.8M | $777K | 20x |
Bybit IRYSUSDT
Binance IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $106.03
- Price spread: +0.241% → +0.190%
- $5.02
- Slippage, 4 orders
- −$298.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$208.29
- Costs to cover
- 3.193%
- Break-even
- 20.8 days
Slippage from Bybit: live order book, 59 min ago; Binance: live order book, 13 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 Bybit live order book, 59 min ago | 3.70 bp | 80.2 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.07 bp | 63.2 bp −$63 | 448.7 bp −$4,487 | doesn't fit | doesn't fit |
IRYS on 11 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 IRYSUSDTlong | +0.0100% | 4h | 0.01616 | long leg | $799K | $145K | 20x | |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01620 | +0.248% | $621K | $98K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01616 | 0.000% | $243K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01620 | +0.248% | $932K | $92K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01617 | +0.081% | $8K | $6 | — | as long as short |
| MEXC IRYS_USDT | +0.0604% | 4h | 0.01619 | +0.186% | $252K | $118K | 20x | as long as short |
| Binance IRYSUSDTshort | +0.0605% | 4h | 0.01620 | +0.241% | $1.8M | $777K | 20x | |
| Extended IRYS-USD | +0.0608% | 1h | 0.01620 | +0.224% | $3K | $83K | 5x | as long as short |
| BingX IRYS-USDT | +0.0618% | 4h | 0.01618 | +0.124% | — | $1.2M | — | as long as short |
| KuCoin IRYSUSDTM | +0.1052% | 4h | 0.01617 | +0.062% | $685K | $6.4M | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
MEXC IRYS_USDT
Extended IRYS-USD
BingX IRYS-USDT
KuCoin IRYSUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IRYSUSDT | +0.1162% | 4h | 0.01620 | +0.225% | $1K | $2K | 5x | as long as short |
Aster IRYSUSDT