IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0363%/8h= +39.8% APRnext payment +$1.82 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against OKX+0.230%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2482.477% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.230%, 7d avg +0.167%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.063% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.167%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IRYS-USDT-SWAP	0.01606	0.0100	pay 0.0050% / 4h	3h 39m	$615K	$99K	10x
Short	Binance IRYSUSDT	0.01610	0.0463	get 0.0232% / 4h	3h 39m	$1.8M	$786K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.230%Rate

Funding earned: $76.27
Price spread: +0.230% → +0.167%: $6.29
Slippage, 4 orders: −$227.7
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$165.14
Costs to cover: 2.477%
Break-even: 22.2 days

Slippage from OKX: live order book, 32 min ago; Binance: live order book, 10 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 OKX live order book, 32 min ago	3.13 bp	72.6 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	3.11 bp	59.9 bp −$60	407.9 bp −$4,079	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
OKX IRYS-USDT-SWAPlong	+0.0100%	4h	0.01606	long leg	$615K	$99K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01610	+0.249%	$242K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01607	+0.062%	$919K	$83K	20x	as long as short
BingX IRYS-USDT	+0.0406%	4h	0.01606	0.000%	—	$1.2M	—	as long as short
BloFin IRYS-USDT	+0.0445%	4h	0.01613	+0.436%	$97K	$19K	20x	as long as short
MEXC IRYS_USDT	+0.0460%	4h	0.01608	+0.125%	$252K	$118K	20x	as long as short
Binance IRYSUSDTshort	+0.0463%	4h	0.01610	+0.230%	$1.8M	$786K	20x
Extended IRYS-USD	+0.0464%	1h	0.01610	+0.225%	$4K	$113K	5x	as long as short
Variational Omni IRYS	+0.0480%	4h	0.01608	+0.140%	$8K	$6	—	as long as short
Bybit IRYSUSDT	+0.0612%	4h	0.01605	−0.044%	$792K	$154K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IRYSUSDTM	+0.0762%	4h	0.01609	+0.199%	$680K	$6.5M	20x	as long as short
Aster IRYSUSDT	+0.0873%	4h	0.01610	+0.236%	$1K	$5K	5x	as long as short