IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1222%/8h= −133.8% APRnext payment −$6.11 per $10,000 · paid last 24h −0.070%

Price spread now: OKX against KuCoin+0.087%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$412as in the Funding arb table

Net, price: spread back to 7d avg − costs−$354as in the Price arb table

costs, in and out, $10k−$3693.691% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.087%, 7d avg −0.067%

Together, before fees−0.562%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.154% dearer against KuCoin than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.067%): +$15 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.430% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.430% in total (about -22.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.11 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	0.01613	0.1322	pay 0.0661% / 4h	2h 45m	$695K	$6.5M	20x
Short	OKX IRYS-USDT-SWAP	0.01614	0.0100	get 0.0050% / 4h	2h 45m	$616K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$256.62
Price spread: +0.087% → −0.067%: $15.39
Slippage, 4 orders: −$347.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$610.37
Costs to cover: 3.691%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; OKX: live order book, 20 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, 7 min ago	13.37 bp	144.0 bp −$144	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 20 min ago	3.09 bp	66.2 bp −$66	doesn't fit	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-SWAPshort	+0.0100%	4h	0.01614	+0.087%	$616K	$99K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01612	−0.037%	$242K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01619	+0.397%	$928K	$90K	20x	as long as short
Variational Omni IRYS	+0.0329%	4h	0.01608	−0.316%	$8K	$6	—	as long as short
Bybit IRYSUSDT	+0.0658%	4h	0.01612	−0.050%	$797K	$163K	20x	as long as short
BingX IRYS-USDT	+0.0749%	4h	0.01616	+0.211%	—	$1.2M	—	as long as short
BloFin IRYS-USDT	+0.0761%	4h	0.01618	+0.335%	$98K	$19K	20x	as long as short
Binance IRYSUSDT	+0.0773%	4h	0.01616	+0.198%	$1.8M	$804K	20x	as long as short
MEXC IRYS_USDT	+0.0782%	4h	0.01617	+0.273%	$251K	$116K	20x	as long as short
Extended IRYS-USD	+0.0784%	1h	0.01618	+0.321%	$2K	$77K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1246%	4h	0.01609	−0.243%	$1K	$2K	5x	as long as short
KuCoin IRYSUSDTMlong	+0.1322%	4h	0.01613	long leg	$695K	$6.5M	20x