IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h −0.163%

Price spread now: Variational Omni against Bybit−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.079% cheaper against Bybit than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 7.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IRYSUSDT	0.01575	0.0100	pay 0.0050% / 4h	23m 39s	$819K	$225K	20x
Short	Variational Omni IRYS	0.01574	0.0134	get 0.0067% / 4h	23m 39s	$8K	$6	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: $7.23
Price spread: −0.079% → 0.000%: −$7.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.65
Costs to cover: 0.110%
Break-even: 18.3 days

Slippage unknown: Bybit: live order book, 11 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 11 min ago	2.52 bp	261.1 bp −$261	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01575	long leg	$819K	$225K	20x
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01575	0.000%	$614K	$130K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01577	+0.127%	$237K	$15K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01579	+0.254%	$907K	$111K	20x	as long as short
KuCoin IRYSUSDTM	+0.0124%	4h	0.01578	+0.184%	$695K	$6.3M	20x	as long as short
Variational Omni IRYSshort	+0.0134%	4h	0.01574	−0.079%	$8K	$6	—
Binance IRYSUSDT	+0.0286%	4h	0.01580	+0.319%	$1.8M	$927K	20x	as long as short
MEXC IRYS_USDT	+0.0292%	4h	0.01579	+0.254%	$255K	$102K	20x	as long as short
Extended IRYS-USD	+0.0296%	1h	0.01580	+0.286%	$1K	$186K	5x	as long as short
BingX IRYS-USDT	+0.0302%	4h	0.01575	0.000%	—	$1.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IRYS-USDT	+0.0361%	4h	0.01577	+0.127%	$97K	$20K	20x	as long as short
Aster IRYSUSDT	+0.0895%	4h	0.01577	+0.127%	$1K	$3K	5x	as long as short