# IRYS funding rates and arbitrage

Updated 2026-10-30 06:28 UTC · https://afterfees.xyz/coin/IRYS

## Best IRYS arbitrage after every cost

No IRYS pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## IRYS funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Extended](https://afterfees.xyz/venues/extended) | IRYS-USD | 0.0013% | 1 h | +11.4% | −227.8% | $15K | 2026-10-30 07:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | IRYS_USDT | 0.0050% | 4 h | +10.9% | −179.6% | $1.7M | 2026-10-30 08:00 |
| [OKX](https://afterfees.xyz/venues/okx) | IRYS-USDT-SWAP | 0.0050% | 4 h | +10.9% | −297.9% | $2.2M | 2026-10-30 08:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | IRYSUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | IRYSUSDT | 0.0050% | 4 h | +10.9% | −211.2% | $1.8M | 2026-10-30 08:00 |
| [Variational](https://afterfees.xyz/venues/variational) | IRYS-PERP | 0.0013% | 1 h | +10.9% | — | $537.4K | 2026-10-30 07:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | IRYSUSDT | 0.0013% | 1 h | +10.9% | −337.1% | $5.1M | 2026-10-30 07:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | IRYSUSDTM | 0.0050% | 4 h | +10.9% | −504.9% | $6.2M | 2026-10-30 08:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | IRYS-USDT | 0.0050% | 4 h | +10.9% | −119.0% | $1M | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | IRYSUSDT | 0.0050% | 4 h | +10.9% | −172.6% | — | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | IRYSUSDT | 0.0050% | 4 h | +10.9% | −180.0% | $6M | 2026-10-30 08:00 |
| [Aster](https://afterfees.xyz/venues/aster) | IRYSUSDT | 0.0013% | 1 h | +10.9% | −126.6% | $92.9K | 2026-10-30 07:00 |
| [Gate](https://afterfees.xyz/venues/gate) | IRYS_USDT | 0.0050% | 4 h | +10.9% | −257.3% | $784.7K | 2026-10-30 08:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | IRYS-USDT | 0.0027% | 4 h | +5.9% | −178.4% | $284.7K | 2026-10-30 08:00 |

## Borrow IRYS to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 129.06% | — |

## Cost to enter $10,000 of IRYS

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| KuCoin | IRYSUSDTM | 30.7 bp | order-book snapshot, 42 min old |
| Variational | IRYS-PERP | 6.9 bp | top of book only |
| Binance | IRYSUSDT | 7.3 bp | top of book only |
| BingX | IRYS-USDT | 7.3 bp | top of book only |
| OKX | IRYS-USDT-SWAP | 7.3 bp | top of book only |
| Bybit | IRYSUSDT | 8.0 bp | top of book only |
| BloFin | IRYS-USDT | 8.3 bp | top of book only |
| MEXC | IRYS_USDT | 8.6 bp | top of book only |
| Gate | IRYS_USDT | 9.8 bp | top of book only |
| Bitget | IRYSUSDT | 10.6 bp | top of book only |
| Aster | IRYSUSDT | 10.9 bp | top of book only |
| OKX | IRYS-USDT (spot) | 14.6 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## More on IRYS

- [Borrow IRYS: rates on every exchange](https://afterfees.xyz/borrow/IRYS)

## Questions

**Is IRYS funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no IRYS pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest IRYS funding rate?**

Extended at +11.4% a year (0.0013% every 1 h); the lowest is BloFin at +5.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._