Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.104%
Price spread now: KuCoin against Bybit+0.112%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$643as in the Funding arb table
Net, price: spread back to 7d avg − costs−$641as in the Price arb table
costs, in and out, $10k−$6436.434% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.112%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRYSUSDT | 0.01606 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $821K | $210K | 20x |
| Short | KuCoin IRYSUSDTM | 0.01608 | 0.0116 | get 0.0058% / 4h | 3h 30m | $707K | $6.2M | 20x |
Bybit IRYSUSDT
KuCoin IRYSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $3.36
- Price spread: +0.112% → +0.087%
- $2.53
- Slippage, 4 orders
- −$620.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$637.52
- Costs to cover
- 6.434%
- Break-even
- 1335.2 days
Slippage from Bybit: live order book, 20 min ago; KuCoin: live order book, 3 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, 20 min ago | 4.03 bp | 271.8 bp −$272 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 15.55 bp | 70.8 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDTlong | +0.0100% | 4h | 0.01606 | long leg | $821K | $210K | 20x | |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01607 | +0.075% | $621K | $127K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01611 | +0.324% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01611 | +0.324% | $924K | $108K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01605 | −0.077% | $8K | $6 | — | as long as short |
| KuCoin IRYSUSDTMshort | +0.0116% | 4h | 0.01608 | +0.112% | $707K | $6.2M | 20x | |
| BloFin IRYS-USDT | +0.0151% | 4h | 0.01610 | +0.262% | $98K | $20K | 20x | as long as short |
| Binance IRYSUSDT | +0.0197% | 4h | 0.01610 | +0.287% | $1.8M | $898K | 20x | as long as short |
| Extended IRYS-USD | +0.0200% | 1h | 0.01610 | +0.232% | $646 | $88K | 5x | as long as short |
| MEXC IRYS_USDT | +0.0202% | 4h | 0.01609 | +0.199% | $247K | $90K | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BloFin IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USD
MEXC IRYS_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IRYS-USDT | +0.0208% | 4h | 0.01608 | +0.137% | — | $1.3M | — | as long as short |
| Aster IRYSUSDT | +0.0918% | 4h | 0.01607 | +0.083% | $1K | $2K | 5x | as long as short |
BingX IRYS-USDT
Aster IRYSUSDT