IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0694%/8h= +76.0% APRnext payment +$3.47 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against Gate+0.062%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,071as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,07710.766% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.062%, 7d avg +0.029%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Binance is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IRYS_USDT	0.01602	0.0100	pay 0.0050% / 4h	2h 54m	$240K	$8K	20x
Short	Binance IRYSUSDT	0.01603	0.0794	get 0.0397% / 4h	2h 54m	$1.8M	$792K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: $145.82
Price spread: +0.062% → +0.029%: $3.33
Slippage, 4 orders: −$1,051.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$927.42
Costs to cover: 10.766%
Break-even: 51.5 days

Slippage from Gate: live order book, 7 min ago; Binance: live order book, 9 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 Gate live order book, 7 min ago	9.30 bp	460.4 bp −$460	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	6.17 bp	55.8 bp −$56	390.9 bp −$3,909	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
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01603	+0.062%	$613K	$99K	10x	as long as short
Gate IRYS_USDTlong	+0.0100%	4h	0.01602	long leg	$240K	$8K	20x
Bitget IRYSUSDT	+0.0100%	4h	0.01608	+0.375%	$922K	$90K	20x	as long as short
Bybit IRYSUSDT	+0.0332%	4h	0.01601	−0.056%	$792K	$161K	20x	as long as short
Variational Omni IRYS	+0.0429%	4h	0.01601	−0.044%	$8K	$6	—	as long as short
Extended IRYS-USD	+0.0792%	1h	0.01604	+0.112%	$2K	$78K	5x	as long as short
Binance IRYSUSDTshort	+0.0794%	4h	0.01603	+0.062%	$1.8M	$792K	20x
BingX IRYS-USDT	+0.0796%	4h	0.01604	+0.125%	—	$1.2M	—	as long as short
MEXC IRYS_USDT	+0.0804%	4h	0.01603	+0.062%	$251K	$116K	20x	as long as short
BloFin IRYS-USDT	+0.0821%	4h	0.01603	+0.062%	$97K	$19K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1249%	4h	0.01605	+0.158%	$1K	$2K	5x	as long as short
KuCoin IRYSUSDTM	+0.1366%	4h	0.01604	+0.119%	$696K	$6.5M	20x	as long as short