Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.213%
Price spread now: OKX against Bybit+0.162%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$376as in the Funding arb table
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
costs, in and out, $10k−$3333.334% of the position
Funding, last 7 days−0.429%−$43 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.162%, 7d avg +0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.139% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRYSUSDT | 0.01605 | 0.0100 | pay 0.0050% / 4h | 25m 44s | $817K | $207K | 20x |
| Short | OKX IRYS-USDT-SWAP | 0.01608 | 0.0100 | get 0.0050% / 4h | 25m 44s | $621K | $130K | 10x |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.162% → +0.023%
- $13.94
- Slippage, 4 orders
- −$312.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$319.42
- Costs to cover
- 3.334%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; OKX: live order book, 30 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, 29 min ago | 5.18 bp | 99.4 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 6.11 bp | 64.8 bp −$65 | 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 | 0.01605 | long leg | $817K | $207K | 20x | |
| OKX IRYS-USDT-SWAPshort | +0.0100% | 4h | 0.01608 | +0.162% | $621K | $130K | 10x | |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01608 | +0.162% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01613 | +0.473% | $931K | $104K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01603 | −0.152% | $8K | $6 | — | as long as short |
| BingX IRYS-USDT | +0.0122% | 4h | 0.01610 | +0.287% | — | $1.3M | — | as long as short |
| Extended IRYS-USD | +0.0128% | 1h | 0.01611 | +0.375% | $3K | $83K | 5x | as long as short |
| MEXC IRYS_USDT | +0.0128% | 4h | 0.01611 | +0.349% | $247K | $98K | 20x | as long as short |
| KuCoin IRYSUSDTM | +0.0134% | 4h | 0.01606 | +0.050% | $716K | $6.4M | 20x | as long as short |
| Binance IRYSUSDT | +0.0156% | 4h | 0.01612 | +0.401% | $1.8M | $863K | 20x | as long as short |
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BingX IRYS-USDT
Extended IRYS-USD
MEXC IRYS_USDT
KuCoin IRYSUSDTM
Binance IRYSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0178% | 4h | 0.01609 | +0.224% | $99K | $19K | 20x | as long as short |
| Aster IRYSUSDT | +0.0819% | 4h | 0.01605 | −0.041% | $1K | $2K | 5x | as long as short |
BloFin IRYS-USDT
Aster IRYSUSDT