Settings8H · net · $10k
Funding arb · Price arb /

IRYS

all IRYS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%
Price spread now: Binance against Extended−0.104%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$444as in the Price arb table
costs, in and out, $10k−$4314.306% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.104%, 7d avg +0.034%
Together, before fees+0.173%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.138% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended IRYS-USD0.016000.0104pay 0.0013% / 1h27m 29s$753$110K5x
ShortBinance IRYSUSDT0.015980.0100get 0.0050% / 4h27m 29s$1.8M$813K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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

Funding earned
−$0.84
Price spread: −0.104% → +0.034%
−$13.8
Slippage, 4 orders
−$415.64
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$445.28
Costs to cover
4.306%
Break-even
never at this rate
Slippage from Extended: live order book, 48 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 48 min ago9.06 bp136.7 bp −$1371234.3 bp −$12.3Kdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago6.24 bp46.4 bp −$46424.4 bp −$4,244doesn't fitdoesn't fit

IRYS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IRYS-USDT+0.0099%4h0.01601+0.084%$97K$19K20xas long as short
Binance IRYSUSDTshort+0.0100%4h0.01598−0.104%$1.8M$813K20x
OKX IRYS-USDT-SWAP+0.0100%4h0.01602+0.146%$613K$103K10xas long as short
Gate IRYS_USDT+0.0100%4h0.01597−0.166%$240K$8K20xas long as short
MEXC IRYS_USDT+0.0100%4h0.01599−0.041%$250K$118K20xas long as short
Bitget IRYSUSDT+0.0100%4h0.01598−0.104%$911K$83K20xas long as short
Extended IRYS-USDlong+0.0104%1h0.01600long leg$753$110K5x
Variational Omni IRYS+0.0242%4h0.01596−0.253%$8K$1as long as short
KuCoin IRYSUSDTM+0.0332%4h0.01600+0.015%$668K$6.6M20xas long as short
Aster IRYSUSDT+0.0341%4h0.01597−0.148%$1K$5K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX IRYS-USDT+0.1158%4h0.01595−0.291%$1.2Mas long as short
Bybit IRYSUSDT+0.1211%4h0.01593−0.416%$787K$154K20xas long as short