Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.034%
Price spread now: OKX against MEXC−0.124%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.124%, 7d avg −0.146%
=The price spread pays, funding is against you. OKX is 0.021% dearer against MEXC than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.146%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.021% in total) that is about 7.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IRYS_USDT | 0.01609 | 0.0196 | pay 0.0098% / 4h | 3h 29m | $247K | $90K | 20x |
| Short | OKX IRYS-USDT-SWAP | 0.01607 | 0.0100 | get 0.0050% / 4h | 3h 29m | $621K | $127K | 10x |
MEXC IRYS_USDT
OKX IRYS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$20.16
- Price spread: −0.124% → −0.146%
- $2.13
- Slippage, 4 orders
- −$159.58
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$191.61
- Costs to cover
- 1.736%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 21 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, 5 min ago | 6.21 bp | 21.5 bp −$22 | 151.4 bp −$1,514 | 461.3 bp −$46.1K | doesn't fit |
| Sell OKX live order book, 21 min ago | 6.20 bp | 69.5 bp −$69 | 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 | 0.01606 | −0.205% | $821K | $211K | 20x | as long as short |
| OKX IRYS-USDT-SWAPshort | +0.0100% | 4h | 0.01607 | −0.124% | $621K | $127K | 10x | |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01611 | +0.124% | $243K | $11K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01608 | −0.062% | $922K | $108K | 20x | as long as short |
| Variational Omni IRYS | +0.0100% | 4h | 0.01605 | −0.275% | $8K | $6 | — | as long as short |
| KuCoin IRYSUSDTM | +0.0110% | 4h | 0.01607 | −0.093% | $707K | $6.2M | 20x | as long as short |
| BloFin IRYS-USDT | +0.0151% | 4h | 0.01610 | +0.062% | $98K | $20K | 20x | as long as short |
| MEXC IRYS_USDTlong | +0.0196% | 4h | 0.01609 | long leg | $247K | $90K | 20x | |
| Binance IRYSUSDT | +0.0197% | 4h | 0.01609 | 0.000% | $1.8M | $898K | 20x | as long as short |
| Extended IRYS-USD | +0.0200% | 1h | 0.01610 | +0.040% | $646 | $88K | 5x | as long as short |
Bybit IRYSUSDT
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
KuCoin IRYSUSDTM
BloFin IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IRYS-USDT | +0.0208% | 4h | 0.01606 | −0.186% | — | $1.3M | — | as long as short |
| Aster IRYSUSDT | +0.0914% | 4h | 0.01607 | −0.131% | $1K | $2K | 5x | as long as short |
BingX IRYS-USDT
Aster IRYSUSDT