Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.186%
Price spread now: MEXC against Bybit+0.423%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2422.419% of the position
Funding, last 7 days−0.415%−$41 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.423%, 7d avg +0.170%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.253% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.170%. Mind the row above: over the last 7 days funding on this pair cost −0.415%, 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 | 0.01609 | 0.0100 | pay 0.0050% / 4h | 25m 00s | $820K | $207K | 20x |
| Short | MEXC IRYS_USDT | 0.01616 | 0.0128 | get 0.0064% / 4h | 25m 00s | $248K | $98K | 20x |
Bybit IRYSUSDT
MEXC IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $5.88
- Price spread: +0.423% → +0.170%
- $25.26
- Slippage, 4 orders
- −$226.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$210.77
- Costs to cover
- 2.419%
- Break-even
- 257.9 days
Slippage from Bybit: live order book, 30 min ago; MEXC: live order book, 15 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, 30 min ago | 5.18 bp | 99.4 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 15 min ago | 3.08 bp | 19.4 bp −$19 | 153.5 bp −$1,535 | 645.3 bp −$64.5K | 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 | 0.01609 | long leg | $820K | $207K | 20x | |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01611 | +0.112% | $621K | $130K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01609 | −0.012% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01618 | +0.547% | $934K | $104K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01603 | −0.388% | $8K | $6 | — | as long as short |
| BloFin IRYS-USDT | +0.0105% | 4h | 0.01612 | +0.174% | $99K | $19K | 20x | as long as short |
| BingX IRYS-USDT | +0.0126% | 4h | 0.01615 | +0.360% | — | $1.3M | — | as long as short |
| MEXC IRYS_USDTshort | +0.0128% | 4h | 0.01616 | +0.423% | $248K | $98K | 20x | |
| Extended IRYS-USD | +0.0152% | 1h | 0.01614 | +0.326% | $3K | $83K | 5x | as long as short |
| KuCoin IRYSUSDTM | +0.0154% | 4h | 0.01610 | +0.031% | $717K | $6.4M | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BloFin IRYS-USDT
BingX IRYS-USDT
Extended IRYS-USD
KuCoin IRYSUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance IRYSUSDT | +0.0156% | 4h | 0.01616 | +0.439% | $1.8M | $877K | 20x | as long as short |
| Aster IRYSUSDT | +0.0819% | 4h | 0.01607 | −0.107% | $1K | $2K | 5x | as long as short |
Binance IRYSUSDT
Aster IRYSUSDT