IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0414%/8h= +45.4% APRnext payment +$2.07 per $10,000 · paid last 24h +0.045%

Price spread now: BloFin against OKX+0.127%7-day average — · you sell dearer than you buy

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

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.127% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IRYS-USDT-SWAP	0.01580	0.0100	pay 0.0050% / 4h	2h 21m	$618K	$124K	10x
Short	BloFin IRYS-USDT	0.01582	0.0514	get 0.0257% / 4h	2h 21m	$97K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.127%Rate

Funding earned: $86.98
Price spread: +0.127% → 0.000%: $12.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $77.64
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: OKX: live order book, 27 min ago; BloFin: 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 OKX live order book, 27 min ago	3.16 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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 exchanges

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	0.01580	+0.013%	$825K	$227K	20x	as long as short
OKX IRYS-USDT-SWAPlong	+0.0100%	4h	0.01580	long leg	$618K	$124K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01580	0.000%	$237K	$15K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01584	+0.253%	$908K	$101K	20x	as long as short
Variational Omni IRYS	+0.0100%	4h	0.01578	−0.103%	$8K	$6	—	as long as short
KuCoin IRYSUSDTM	+0.0306%	4h	0.01580	+0.032%	$691K	$6.2M	20x	as long as short
Extended IRYS-USD	+0.0464%	1h	0.01584	+0.223%	$5K	$182K	5x	as long as short
Binance IRYSUSDT	+0.0466%	4h	0.01583	+0.220%	$1.8M	$933K	20x	as long as short
MEXC IRYS_USDT	+0.0478%	4h	0.01584	+0.253%	$245K	$104K	20x	as long as short
BingX IRYS-USDT	+0.0498%	4h	0.01581	+0.063%	—	$1.2M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IRYS-USDTshort	+0.0514%	4h	0.01582	+0.127%	$97K	$20K	20x
Aster IRYSUSDT	+0.1034%	4h	0.01582	+0.133%	$2K	$4K	5x	as long as short