Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC0.000%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1701.703% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now 0.000%, 7d avg +0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IRYS_USDT | 0.01634 | 0.0366 | pay 0.0183% / 4h | 1h 14m | $253K | $110K | 20x |
| Short | Binance IRYSUSDT | 0.01634 | 0.0367 | get 0.0183% / 4h | 1h 14m | $1.8M | $723K | 20x |
MEXC IRYS_USDT
Binance IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- $0.13
- Price spread: 0.000% → +0.022%
- −$2.2
- Slippage, 4 orders
- −$156.27
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$172.34
- Costs to cover
- 1.703%
- Break-even
- 9272.6 days
Slippage from MEXC: live order book, 30 min ago; Binance: 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 MEXC live order book, 30 min ago | 3.06 bp | 16.9 bp −$17 | 139.1 bp −$1,391 | 421.6 bp −$42.2K | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.06 bp | 71.1 bp −$71 | 454.9 bp −$4,549 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDT | +0.0100% | 4h | 0.01631 | −0.159% | $807K | $139K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01632 | −0.122% | $625K | $92K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01632 | −0.122% | $245K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01636 | +0.122% | $940K | $94K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01632 | −0.096% | $8K | $6 | — | as long as short |
| MEXC IRYS_USDTlong | +0.0366% | 4h | 0.01634 | long leg | $253K | $110K | 20x | |
| Binance IRYSUSDTshort | +0.0367% | 4h | 0.01634 | 0.000% | $1.8M | $723K | 20x | |
| Extended IRYS-USD | +0.0368% | 1h | 0.01634 | −0.026% | $5K | $86K | 5x | as long as short |
| BingX IRYS-USDT | +0.0398% | 4h | 0.01632 | −0.122% | — | $1.2M | — | as long as short |
| BloFin IRYS-USDT | +0.0412% | 4h | 0.01637 | +0.184% | $100K | $19K | 20x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
Extended IRYS-USD
BingX IRYS-USDT
BloFin IRYS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IRYSUSDTM | +0.0508% | 4h | 0.01631 | −0.177% | $710K | $6.4M | 20x | as long as short |
| Aster IRYSUSDT | +0.0996% | 4h | 0.01631 | −0.203% | $1K | $2K | 5x | as long as short |
KuCoin IRYSUSDTM
Aster IRYSUSDT