Funding you earn now, next payment 04:00 UTC−0.0538%/8h= −58.9% APRnext payment −$2.69 per $10,000 · paid last 24h −0.043%
Price spread now: MEXC against KuCoin+0.179%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2812.812% of the position
Funding, last 7 days−0.416%−$42 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.179%, 7d avg +0.079%
=The price spread pays, funding is against you. MEXC is 0.100% dearer against KuCoin than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of +0.079%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.416% in total) that is about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IRYSUSDTM | 0.01619 | 0.1310 | pay 0.0655% / 4h | 2h 44m | $697K | $6.5M | 20x |
| Short | MEXC IRYS_USDT | 0.01622 | 0.0772 | get 0.0386% / 4h | 2h 44m | $252K | $116K | 20x |
KuCoin IRYSUSDTM
MEXC IRYS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$112.98
- Price spread: +0.179% → +0.079%
- $10.04
- Slippage, 4 orders
- −$265.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$384.11
- Costs to cover
- 2.812%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 5 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 KuCoin live order book, 9 min ago | 13.37 bp | 144.0 bp −$144 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 6.18 bp | 19.9 bp −$20 | 146.8 bp −$1,468 | 459.0 bp −$45.9K | 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 | 0.01619 | −0.006% | $620K | $101K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01618 | −0.068% | $243K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01623 | +0.241% | $930K | $90K | 20x | as long as short |
| Variational Omni IRYS | +0.0329% | 4h | 0.01608 | −0.716% | $8K | $6 | — | as long as short |
| BingX IRYS-USDT | +0.0742% | 4h | 0.01620 | +0.056% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDT | +0.0761% | 4h | 0.01618 | −0.068% | $98K | $19K | 20x | as long as short |
| MEXC IRYS_USDTshort | +0.0772% | 4h | 0.01622 | +0.179% | $252K | $116K | 20x | |
| Extended IRYS-USD | +0.0776% | 1h | 0.01622 | +0.168% | $2K | $77K | 5x | as long as short |
| Binance IRYSUSDT | +0.0776% | 4h | 0.01624 | +0.275% | $1.8M | $807K | 20x | as long as short |
| Bybit IRYSUSDT | +0.0794% | 4h | 0.01617 | −0.117% | $801K | $164K | 20x | as long as short |
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BingX IRYS-USDT
BloFin IRYS-USDT
Extended IRYS-USD
Binance IRYSUSDT
Bybit IRYSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IRYSUSDT | +0.1264% | 4h | 0.01614 | −0.324% | $1K | $2K | 5x | as long as short |
| KuCoin IRYSUSDTMlong | +0.1310% | 4h | 0.01619 | long leg | $697K | $6.5M | 20x |
Aster IRYSUSDT