Funding you earn now, next payment 12:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against MEXC−0.139%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2082.079% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.139%, 7d avg −0.083%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.414%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IRYS_USDT | 0.01578 | 0.0596 | pay 0.0298% / 4h | 3h 31m | $251K | $103K | 20x |
| Short | KuCoin IRYSUSDTM | 0.01576 | 0.0458 | get 0.0229% / 4h | 3h 31m | $687K | $6.3M | 20x |
MEXC IRYS_USDT
KuCoin IRYSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$28.98
- Price spread: −0.139% → −0.083%
- −$5.62
- Slippage, 4 orders
- −$191.94
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$242.54
- Costs to cover
- 2.079%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 48 min ago; KuCoin: live order book, 6 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, 48 min ago | 3.16 bp | 17.3 bp −$17 | 156.8 bp −$1,568 | 575.5 bp −$57.6K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 14.86 bp | 49.5 bp −$50 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit IRYSUSDT | +0.0100% | 4h | 0.01574 | −0.241% | $824K | $228K | 20x | as long as short |
| OKX IRYS-USDT-SWAP | +0.0100% | 4h | 0.01574 | −0.253% | $615K | $135K | 10x | as long as short |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01577 | −0.063% | $237K | $15K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01578 | 0.000% | $905K | $110K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01578 | +0.006% | $8K | $6 | — | as long as short |
| KuCoin IRYSUSDTMshort | +0.0458% | 4h | 0.01576 | −0.139% | $687K | $6.3M | 20x | |
| BingX IRYS-USDT | +0.0568% | 4h | 0.01577 | −0.063% | — | $1.2M | — | as long as short |
| Binance IRYSUSDT | +0.0594% | 4h | 0.01578 | 0.000% | $1.8M | $932K | 20x | as long as short |
| MEXC IRYS_USDTlong | +0.0596% | 4h | 0.01578 | long leg | $251K | $103K | 20x | |
| Extended IRYS-USD | +0.0600% | 1h | 0.01578 | −0.026% | $2K | $186K | 5x | as long as short |
Bybit IRYSUSDT
OKX IRYS-USDT-SWAP
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
BingX IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0609% | 4h | 0.01582 | +0.253% | $97K | $20K | 20x | as long as short |
| Aster IRYSUSDT | +0.1240% | 4h | 0.01580 | +0.096% | $2K | $3K | 5x | as long as short |
BloFin IRYS-USDT
Aster IRYSUSDT