IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0508%/8h= +55.7% APRnext payment +$2.54 per $10,000 · paid last 24h −0.016%

Price spread now: BingX against Bybit+0.012%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$315as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3173.168% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.012%, 7d avg +0.092%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.079% cheaper against Bybit than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.092%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.016% in total) that is about 36 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 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	Bybit IRYSUSDT	0.01617	0.0100	pay 0.0050% / 4h	2h 04m	$800K	$145K	20x
Short	BingX IRYS-USDT	0.01617	0.0608	get 0.0304% / 4h	2h 04m	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $106.76
Price spread: +0.012% → +0.092%: −$7.93
Slippage, 4 orders: −$295.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$218
Costs to cover: 3.168%
Break-even: 21.3 days

Slippage from Bybit: live order book, 60 min ago; BingX: live order book, 7 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, 60 min ago	3.70 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	9.23 bp	63.7 bp −$64	175.2 bp −$1,752	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	0.01617	long leg	$800K	$145K	20x
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01618	+0.074%	$620K	$98K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01616	−0.049%	$243K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01621	+0.260%	$932K	$92K	20x	as long as short
Variational Omni IRYS	+0.0100%	4h	0.01617	+0.032%	$8K	$6	—	as long as short
MEXC IRYS_USDT	+0.0604%	4h	0.01620	+0.198%	$252K	$118K	20x	as long as short
Binance IRYSUSDT	+0.0605%	4h	0.01620	+0.198%	$1.8M	$769K	20x	as long as short
Extended IRYS-USD	+0.0608%	1h	0.01620	+0.172%	$3K	$81K	5x	as long as short
BingX IRYS-USDTshort	+0.0608%	4h	0.01617	+0.012%	—	$1.2M	—
KuCoin IRYSUSDTM	+0.1052%	4h	0.01619	+0.130%	$685K	$6.4M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1162%	4h	0.01620	+0.184%	$1K	$2K	5x	as long as short