Funding you earn now, next payment 04:00 UTC−0.0569%/8h= −62.3% APRnext payment −$2.85 per $10,000 · paid last 24h −0.044%
Price spread now: BloFin against KuCoin+0.553%140s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.390%−$39 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.553% dearer against KuCoin than usual: you sell high and buy low (spread +0.553% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.390% in total) that is about 9.9 days. The two prices were read 140 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.390% in total (about -20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 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 | KuCoin IRYSUSDTM | 0.01609 | 0.1330 | pay 0.0665% / 4h | 2h 46m | $691K | $6.5M | 20x |
| Short | BloFin IRYS-USDT | 0.01618 | 0.0761 | get 0.0380% / 4h | 2h 46m | $98K | $19K | 20x |
KuCoin IRYSUSDTM
BloFin IRYS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$119.55
- Price spread: +0.553% → 0.000%
- $55.31
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.23
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 6 min ago; BloFin: 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 KuCoin live order book, 6 min ago | 13.37 bp | 144.0 bp −$144 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01610 | +0.056% | $616K | $99K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01611 | +0.118% | $242K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01614 | +0.305% | $925K | $90K | 20x | as long as short |
| Variational Omni IRYS | +0.0373% | 4h | 0.01606 | −0.193% | $8K | $6 | — | as long as short |
| Bybit IRYSUSDT | +0.0627% | 4h | 0.01609 | 0.000% | $795K | $162K | 20x | as long as short |
| BingX IRYS-USDT | +0.0754% | 4h | 0.01610 | +0.056% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDTshort | +0.0761% | 4h | 0.01618 | +0.553% | $98K | $19K | 20x | |
| MEXC IRYS_USDT | +0.0780% | 4h | 0.01613 | +0.242% | $252K | $116K | 20x | as long as short |
| Binance IRYSUSDT | +0.0783% | 4h | 0.01614 | +0.282% | $1.8M | $803K | 20x | as long as short |
| Extended IRYS-USD | +0.0784% | 1h | 0.01613 | +0.219% | $2K | $77K | 5x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
Bybit IRYSUSDT
BingX IRYS-USDT
MEXC IRYS_USDT
Binance IRYSUSDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IRYSUSDT | +0.1253% | 4h | 0.01609 | −0.021% | $1K | $2K | 5x | as long as short |
| KuCoin IRYSUSDTMlong | +0.1330% | 4h | 0.01609 | long leg | $691K | $6.5M | 20x |
Aster IRYSUSDT