Funding you earn now, next payment 04:00 UTC−0.0398%/8h= −43.6% APRnext payment −$1.99 per $10,000 · paid last 24h −0.211%
Price spread now: Gate against Bybit+0.367%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,205as in the Price arb table
costs, in and out, $10k−$1,22512.254% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.367%, 7d avg +0.161%
=The price spread pays, funding is against you. Gate is 0.206% dearer against Bybit than usual: you sell high and buy low (spread +0.367% now, against its 7-day average of +0.161%): +$21 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRYSUSDT | 0.01608 | 0.0498 | pay 0.0249% / 4h | 3h 41m | $793K | $154K | 20x |
| Short | Gate IRYS_USDT | 0.01614 | 0.0100 | get 0.0050% / 4h | 3h 41m | $242K | $8K | 20x |
Bybit IRYSUSDT
Gate IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$83.52
- Price spread: +0.367% → +0.161%
- $20.56
- Slippage, 4 orders
- −$1,199.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,288.38
- Costs to cover
- 12.254%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 28 min ago; Gate: live order book, 25 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, 28 min ago | 4.07 bp | 81.2 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 6.26 bp | 524.2 bp −$524 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01609 | +0.056% | $616K | $100K | 10x | as long as short |
| Gate IRYS_USDTshort | +0.0100% | 4h | 0.01614 | +0.367% | $242K | $8K | 20x | |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01609 | +0.056% | $920K | $83K | 20x | as long as short |
| BingX IRYS-USDT | +0.0390% | 4h | 0.01609 | +0.056% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDT | +0.0415% | 4h | 0.01609 | +0.056% | $96K | $19K | 20x | as long as short |
| MEXC IRYS_USDT | +0.0446% | 4h | 0.01613 | +0.305% | $253K | $118K | 20x | as long as short |
| Extended IRYS-USD | +0.0448% | 1h | 0.01613 | +0.282% | $4K | $113K | 5x | as long as short |
| Binance IRYSUSDT | +0.0462% | 4h | 0.01613 | +0.305% | $1.8M | $789K | 20x | as long as short |
| Bybit IRYSUSDTlong | +0.0498% | 4h | 0.01608 | long leg | $793K | $154K | 20x | |
| Variational Omni IRYS | +0.0498% | 4h | 0.01606 | −0.159% | $8K | $6 | — | as long as short |
OKX IRYS-USDT-SWAP
Bitget IRYSUSDT
BingX IRYS-USDT
BloFin IRYS-USDT
MEXC IRYS_USDT
Extended IRYS-USD
Binance IRYSUSDT
Variational Omni IRYSShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTM | +0.0744% | 4h | 0.01614 | +0.336% | $683K | $6.5M | 20x | as long as short |
| Aster IRYSUSDT | +0.0866% | 4h | 0.01612 | +0.218% | $1K | $5K | 5x | as long as short |
KuCoin IRYSUSDTM
Aster IRYSUSDT