IRYS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against Variational Omni+0.295%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. MEXC is 0.295% dearer against Variational Omni than usual: you sell high and buy low (spread +0.295% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IRYS	0.01608	0.0480	pay 0.0240% / 4h	3h 39m	$8K	$6	—
Short	MEXC IRYS_USDT	0.01613	0.0460	get 0.0230% / 4h	3h 39m	$253K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.295%Rate

Funding earned: −$4.1
Price spread: +0.295% → 0.000%: $29.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $21.43
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 15 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 MEXC live order book, 15 min ago	3.11 bp	16.9 bp −$17	124.4 bp −$1,244	437.7 bp −$43.8K	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
OKX IRYS-USDT-SWAP	+0.0100%	4h	0.01609	+0.047%	$616K	$99K	10x	as long as short
Gate IRYS_USDT	+0.0100%	4h	0.01612	+0.233%	$242K	$8K	20x	as long as short
Bitget IRYSUSDT	+0.0100%	4h	0.01609	+0.047%	$920K	$83K	20x	as long as short
BingX IRYS-USDT	+0.0406%	4h	0.01612	+0.233%	—	$1.2M	—	as long as short
MEXC IRYS_USDTshort	+0.0460%	4h	0.01613	+0.295%	$253K	$118K	20x
Binance IRYSUSDT	+0.0463%	4h	0.01612	+0.233%	$1.8M	$787K	20x	as long as short
Extended IRYS-USD	+0.0464%	1h	0.01612	+0.209%	$4K	$113K	5x	as long as short
Variational Omni IRYSlong	+0.0480%	4h	0.01608	long leg	$8K	$6	—
BloFin IRYS-USDT	+0.0497%	4h	0.01609	+0.047%	$96K	$19K	20x	as long as short
Bybit IRYSUSDT	+0.0595%	4h	0.01608	−0.009%	$793K	$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	+0.0762%	4h	0.01612	+0.208%	$681K	$6.5M	20x	as long as short
Aster IRYSUSDT	+0.0873%	4h	0.01611	+0.172%	$1K	$5K	5x	as long as short