IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0399%/8h= −43.6% APRnext payment −$1.99 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against MEXC−0.557%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.557% cheaper against MEXC than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IRYS_USDT	0.01615	0.0772	pay 0.0386% / 4h	2h 49m	$253K	$116K	20x
Short	Variational Omni IRYS	0.01606	0.0373	get 0.0187% / 4h	2h 49m	$8K	$6	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.557%Rate

Funding earned: −$83.71
Price spread: −0.557% → 0.000%: −$55.72
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$143.43
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 65 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 65 min ago	3.11 bp	15.7 bp −$16	139.5 bp −$1,395	351.0 bp −$35.1K	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01614	−0.062%	$617K	$99K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01609	−0.372%	$241K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01614	−0.062%	$925K	$90K	20x	as long as short
Variational Omni IRYSshort	+0.0373%	4h	0.01606	−0.557%	$8K	$6	—
Bybit IRYSUSDT	+0.0525%	4h	0.01611	−0.241%	$796K	$162K	20x	as long as short
BingX IRYS-USDT	+0.0754%	4h	0.01612	−0.186%	—	$1.2M	—	as long as short
BloFin IRYS-USDT	+0.0761%	4h	0.01618	+0.186%	$98K	$19K	20x	as long as short
MEXC IRYS_USDTlong	+0.0772%	4h	0.01615	long leg	$253K	$116K	20x
Binance IRYSUSDT	+0.0774%	4h	0.01616	+0.073%	$1.8M	$802K	20x	as long as short
Extended IRYS-USD	+0.0776%	1h	0.01616	+0.052%	$2K	$82K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRYSUSDT	+0.1228%	4h	0.01609	−0.380%	$1K	$2K	5x	as long as short
KuCoin IRYSUSDTM	+0.1330%	4h	0.01611	−0.229%	$697K	$6.5M	20x	as long as short