Funding arb · Price arb /

IRYS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Gate against Variational Omni+0.210%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.210% dearer against Variational Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IRYS	0.01607	0.0100	pay 0.0050% / 4h	3h 33m	$8K	$6	—
Short	Gate IRYS_USDT	0.01610	0.0100	get 0.0050% / 4h	3h 33m	$243K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GatebpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → 0.000%: $21.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $6.05
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 13 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Gate live order book, 13 min ago	6.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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 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
Bybit IRYSUSDT	+0.0100%	4h	0.01605	−0.126%	$821K	$210K	20x	as long as short
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01607	+0.024%	$621K	$127K	10x	as long as short
Gate IRYS_USDTshort	+0.0100%	4h	0.01610	+0.210%	$243K	$11K	20x
Bitget IRYSUSDT	+0.0100%	4h	0.01612	+0.335%	$924K	$108K	20x	as long as short
Variational Omni IRYSlong	+0.0100%	4h	0.01607	long leg	$8K	$6	—
KuCoin IRYSUSDTM	+0.0140%	4h	0.01608	+0.098%	$708K	$6.3M	20x	as long as short
BingX IRYS-USDT	+0.0196%	4h	0.01609	+0.148%	—	$1.3M	—	as long as short
Binance IRYSUSDT	+0.0206%	4h	0.01610	+0.210%	$1.8M	$897K	20x	as long as short
Extended IRYS-USD	+0.0208%	1h	0.01610	+0.181%	$646	$88K	5x	as long as short
MEXC IRYS_USDT	+0.0208%	4h	0.01610	+0.210%	$247K	$90K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IRYS-USDT	+0.0208%	4h	0.01610	+0.210%	$98K	$19K	20x	as long as short
Aster IRYSUSDT	+0.0923%	4h	0.01607	+0.009%	$1K	$2K	5x	as long as short