Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.125%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2252.248% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.125%, 7d avg +0.105%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.229% cheaper against OKX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX IRYS-USDT-SWAP | 0.01602 | 0.0100 | pay 0.0050% / 4h | 28m 50s | $613K | $103K | 10x |
| Short | Bitget IRYSUSDT | 0.01600 | 0.0100 | get 0.0050% / 4h | 28m 50s | $913K | $83K | 20x |
OKX IRYS-USDT-SWAP
Bitget IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.125% → +0.105%
- −$22.94
- Slippage, 4 orders
- −$202.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$247.71
- Costs to cover
- 2.248%
- Break-even
- never at this rate
Slippage from OKX: live order book, 47 min ago; Bitget: live order book, 47 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, 47 min ago | 6.25 bp | 55.8 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 47 min ago | 3.12 bp | 42.0 bp −$42 | 506.8 bp −$5,068 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0099% | 4h | 0.01601 | −0.062% | $97K | $19K | 20x | as long as short |
| Binance IRYSUSDT | +0.0100% | 4h | 0.01600 | −0.125% | $1.8M | $813K | 20x | as long as short |
| OKX IRYS-USDT-SWAPlong | +0.0100% | 4h | 0.01602 | long leg | $613K | $103K | 10x | |
| Gate IRYS_USDT | +0.0100% | 4h | 0.01598 | −0.250% | $240K | $8K | 20x | as long as short |
| MEXC IRYS_USDT | +0.0100% | 4h | 0.01599 | −0.187% | $250K | $118K | 20x | as long as short |
| Bitget IRYSUSDTshort | +0.0100% | 4h | 0.01600 | −0.125% | $913K | $83K | 20x | |
| Extended IRYS-USD | +0.0104% | 1h | 0.01599 | −0.178% | $753 | $110K | 5x | as long as short |
| Variational Omni IRYS | +0.0242% | 4h | 0.01596 | −0.398% | $8K | $1 | — | as long as short |
| KuCoin IRYSUSDTM | +0.0340% | 4h | 0.01600 | −0.137% | $672K | $6.6M | 20x | as long as short |
| Aster IRYSUSDT | +0.0349% | 4h | 0.01598 | −0.252% | $1K | $5K | 5x | as long as short |
BloFin IRYS-USDT
Binance IRYSUSDT
Gate IRYS_USDT
MEXC IRYS_USDT
Extended IRYS-USD
Variational Omni IRYS
KuCoin IRYSUSDTM
Aster IRYSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IRYS-USDT | +0.1120% | 4h | 0.01597 | −0.312% | — | $1.2M | — | as long as short |
| Bybit IRYSUSDT | +0.1218% | 4h | 0.01595 | −0.462% | $788K | $154K | 20x | as long as short |
BingX IRYS-USDT
Bybit IRYSUSDT