IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0360%/8h= +39.4% APRnext payment +$1.80 per $10,000 · paid last 24h +0.028%

Price spread now: MEXC against OKX+0.249%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1611.612% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.249%, 7d avg +0.146%

Together, before fees−0.109%−$11 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 MEXC is 0.103% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.146%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.80 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	0.01607	0.0100	pay 0.0050% / 4h	3h 37m	$615K	$99K	10x
Short	MEXC IRYS_USDT	0.01611	0.0460	get 0.0230% / 4h	3h 37m	$252K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.249%Rate

Funding earned: $75.6
Price spread: +0.249% → +0.146%: $10.29
Slippage, 4 orders: −$147.16
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$75.26
Costs to cover: 1.612%
Break-even: 14.0 days

Slippage from OKX: live order book, 33 min ago; MEXC: live order book, 17 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, 33 min ago	3.13 bp	72.6 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 17 min ago	3.11 bp	16.9 bp −$17	124.4 bp −$1,244	437.7 bp −$43.8K	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	0.01607	long leg	$615K	$99K	10x
Gate IRYS_USDT	+0.0100%	4h	0.01609	+0.124%	$241K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01607	0.000%	$919K	$83K	20x	as long as short
BloFin IRYS-USDT	+0.0445%	4h	0.01613	+0.373%	$97K	$19K	20x	as long as short
MEXC IRYS_USDTshort	+0.0460%	4h	0.01611	+0.249%	$252K	$118K	20x
Binance IRYSUSDT	+0.0461%	4h	0.01611	+0.249%	$1.8M	$785K	20x	as long as short
Extended IRYS-USD	+0.0464%	1h	0.01611	+0.225%	$4K	$113K	5x	as long as short
Variational Omni IRYS	+0.0480%	4h	0.01608	+0.078%	$8K	$6	—	as long as short
BingX IRYS-USDT	+0.0582%	4h	0.01607	0.000%	—	$1.2M	—	as long as short
Bybit IRYSUSDT	+0.0632%	4h	0.01606	−0.068%	$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	+0.0766%	4h	0.01610	+0.180%	$678K	$6.5M	20x	as long as short
Aster IRYSUSDT	+0.0869%	4h	0.01608	+0.062%	$1K	$5K	5x	as long as short