Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.159%
Price spread now: Bybit against OKX−0.038%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$639as in the Funding arb table
Net, price: spread back to 7d avg − costs−$683as in the Price arb table
costs, in and out, $10k−$6826.817% of the position
Funding, last 7 days+0.429%+$43 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.038%, 7d avg −0.029%
=| 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 | Bybit IRYSUSDT | 0.01579 | 0.0100 | get 0.0050% / 4h | 2h 21m | $825K | $227K | 20x |
OKX IRYS-USDT-SWAP
Bybit IRYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.038% → −0.029%
- −$0.94
- Slippage, 4 orders
- −$660.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$682.64
- Costs to cover
- 6.817%
- Break-even
- never at this rate
Slippage from OKX: live order book, 27 min ago; Bybit: live order book, 26 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, 27 min ago | 3.16 bp | 70.6 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 4.11 bp | 242.5 bp −$242 | doesn't fit | doesn't fit | doesn't fit |
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 IRYSUSDTshort | +0.0100% | 4h | 0.01579 | −0.038% | $825K | $227K | 20x | |
| 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 | 0.01584 | +0.249% | $1.8M | $933K | 20x | as long as short |
| MEXC IRYS_USDT | +0.0478% | 4h | 0.01583 | +0.190% | $245K | $104K | 20x | as long as short |
| BingX IRYS-USDT | +0.0498% | 4h | 0.01581 | +0.063% | — | $1.2M | — | as long as short |
Gate IRYS_USDT
Bitget IRYSUSDT
Variational Omni IRYS
KuCoin IRYSUSDTM
Extended IRYS-USD
Binance IRYSUSDT
MEXC IRYS_USDT
BingX IRYS-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IRYS-USDT | +0.0513% | 4h | 0.01583 | +0.190% | $97K | $20K | 20x | as long as short |
| Aster IRYSUSDT | +0.1034% | 4h | 0.01583 | +0.167% | $2K | $4K | 5x | as long as short |
BloFin IRYS-USDT
Aster IRYSUSDT