Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h +0.169%
Price spread now: BingX against MEXC−0.183%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1641.644% of the position
Funding, last 7 days+0.428%+$43 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.183%, 7d avg −0.078%
=Funding pays, the price is against you. BingX is 0.105% cheaper against MEXC than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.078%). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.428% in total) that is about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IRYS_USDT | 0.01635 | 0.0366 | pay 0.0183% / 4h | 1h 13m | $253K | $110K | 20x |
| Short | BingX IRYS-USDT | 0.01632 | 0.0398 | get 0.0199% / 4h | 1h 13m | — | $1.2M | — |
MEXC IRYS_USDT
BingX IRYS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $6.72
- Price spread: −0.183% → −0.078%
- −$10.54
- Slippage, 4 orders
- −$150.42
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$168.24
- Costs to cover
- 1.644%
- Break-even
- 182.2 days
Slippage from MEXC: live order book, 31 min ago; BingX: live order book, 7 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, 31 min ago | 3.06 bp | 16.9 bp −$17 | 139.1 bp −$1,391 | 421.6 bp −$42.2K | doesn't fit |
| Sell BingX live order book, 7 min ago | 9.18 bp | 70.5 bp −$71 | 176.9 bp −$1,769 | 1369.5 bp −$136.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDT | +0.0100% | 4h | 0.01632 | −0.196% | $808K | $140K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01632 | −0.183% | $625K | $92K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01632 | −0.183% | $245K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01636 | +0.061% | $940K | $94K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01632 | −0.157% | $8K | $6 | — | as long as short |
| Binance IRYSUSDT | +0.0355% | 4h | 0.01635 | −0.022% | $1.8M | $723K | 20x | as long as short |
| MEXC IRYS_USDTlong | +0.0366% | 4h | 0.01635 | long leg | $253K | $110K | 20x | |
| Extended IRYS-USD | +0.0368% | 1h | 0.01634 | −0.088% | $5K | $86K | 5x | as long as short |
| BingX IRYS-USDTshort | +0.0398% | 4h | 0.01632 | −0.183% | — | $1.2M | — | |
| BloFin IRYS-USDT | +0.0412% | 4h | 0.01637 | +0.122% | $100K | $19K | 20x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
Binance IRYSUSDT
Extended IRYS-USD
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 | 0.01632 | −0.171% | $710K | $6.4M | 20x | as long as short |
| Aster IRYSUSDT | +0.0981% | 4h | 0.01631 | −0.264% | $1K | $2K | 5x | as long as short |
KuCoin IRYSUSDTM
Aster IRYSUSDT