Funding you earn now, next payment 04:00 UTC+0.0684%/8h= +74.9% APRnext payment +$3.42 per $10,000 · paid last 24h +0.196%
Price spread now: BingX against OKX0.000%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2402.404% of the position
Funding, last 7 days+0.442%+$44 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now 0.000%, 7d avg +0.070%
=Funding pays, the price is against you. BingX is 0.070% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.070%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.442% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.442% in total (about 23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.42 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 | 0.01610 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $616K | $99K | 10x |
| Short | BingX IRYS-USDT | 0.01610 | 0.0784 | get 0.0392% / 4h | 2h 50m | — | $1.2M | — |
OKX IRYS-USDT-SWAP
BingX IRYS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $143.64
- Price spread: 0.000% → +0.070%
- −$6.97
- Slippage, 4 orders
- −$220.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.73
- Costs to cover
- 2.404%
- Break-even
- 12.1 days
Slippage from OKX: live order book, 15 min ago; BingX: live order book, 9 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, 15 min ago | 3.09 bp | 57.3 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.19 bp | 54.9 bp −$55 | 148.1 bp −$1,481 | 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 | 0.01610 | long leg | $616K | $99K | 10x | |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01607 | −0.186% | $241K | $8K | 20x | as long as short |
| Bitget IRYSUSDT | +0.0100% | 4h | 0.01609 | −0.062% | $922K | $90K | 20x | as long as short |
| Bybit IRYSUSDT | +0.0364% | 4h | 0.01608 | −0.124% | $795K | $162K | 20x | as long as short |
| Variational Omni IRYS | +0.0373% | 4h | 0.01606 | −0.248% | $8K | $6 | — | as long as short |
| BloFin IRYS-USDT | +0.0751% | 4h | 0.01614 | +0.248% | $99K | $19K | 20x | as long as short |
| Binance IRYSUSDT | +0.0774% | 4h | 0.01613 | +0.186% | $1.8M | $794K | 20x | as long as short |
| Extended IRYS-USD | +0.0776% | 1h | 0.01611 | +0.085% | $2K | $82K | 5x | as long as short |
| MEXC IRYS_USDT | +0.0778% | 4h | 0.01613 | +0.186% | $253K | $116K | 20x | as long as short |
| BingX IRYS-USDTshort | +0.0784% | 4h | 0.01610 | 0.000% | — | $1.2M | — |
Gate IRYS_USDT
Bitget IRYSUSDT
Bybit IRYSUSDT
Variational Omni IRYS
BloFin IRYS-USDT
Binance IRYSUSDT
Extended IRYS-USD
MEXC IRYS_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IRYSUSDT | +0.1228% | 4h | 0.01606 | −0.243% | $1K | $2K | 5x | as long as short |
| KuCoin IRYSUSDTM | +0.1326% | 4h | 0.01609 | −0.087% | $694K | $6.5M | 20x | as long as short |
Aster IRYSUSDT
KuCoin IRYSUSDTM