Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%
Price spread now: Bitget against MEXC0.000%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1541.537% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now 0.000%, 7d avg −0.046%
=The price spread pays, funding is against you. Bitget is 0.046% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.046%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IRYS_USDT | 0.01607 | 0.0122 | pay 0.0061% / 4h | 27m 45s | $246K | $98K | 20x |
| Short | Bitget IRYSUSDT | 0.01607 | 0.0100 | get 0.0050% / 4h | 27m 45s | $928K | $104K | 20x |
MEXC IRYS_USDT
Bitget IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$4.62
- Price spread: 0.000% → −0.046%
- $4.63
- Slippage, 4 orders
- −$137.74
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$153.73
- Costs to cover
- 1.537%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 12 min ago; Bitget: live order book, 28 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, 12 min ago | 3.08 bp | 18.1 bp −$18 | 137.6 bp −$1,376 | 583.2 bp −$58.3K | doesn't fit |
| Sell Bitget live order book, 28 min ago | 6.09 bp | 59.5 bp −$59 | 562.0 bp −$5,620 | 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 | 0.01603 | −0.274% | $817K | $205K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01605 | −0.124% | $620K | $128K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01606 | −0.062% | $242K | $11K | 20x | as long as short |
| Bitget IRYSUSDTshort | +0.0100% | 4h | 0.01607 | 0.000% | $928K | $104K | 20x | |
| Variational Omni IRYS | +0.0100% | 4h | 0.01605 | −0.117% | $8K | $6 | — | as long as short |
| BloFin IRYS-USDT | +0.0100% | 4h | 0.01609 | +0.124% | $99K | $19K | 20x | as long as short |
| KuCoin IRYSUSDTM | +0.0104% | 4h | 0.01605 | −0.137% | $714K | $6.4M | 20x | as long as short |
| BingX IRYS-USDT | +0.0117% | 4h | 0.01607 | 0.000% | — | $1.3M | — | as long as short |
| MEXC IRYS_USDTlong | +0.0122% | 4h | 0.01607 | long leg | $246K | $98K | 20x | |
| Extended IRYS-USD | +0.0128% | 1h | 0.01607 | +0.011% | $3K | $83K | 5x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Variational Omni IRYS
BloFin IRYS-USDT
KuCoin IRYSUSDTM
BingX IRYS-USDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance IRYSUSDT | +0.0130% | 4h | 0.01607 | +0.012% | $1.8M | $855K | 20x | as long as short |
| Aster IRYSUSDT | +0.0805% | 4h | 0.01605 | −0.137% | $1K | $2K | 5x | as long as short |
Binance IRYSUSDT
Aster IRYSUSDT