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IRYS — funding rate on Binance
Binance · IRYSUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
12:32settlement
0calmheat
Price (mark)
0.017125
-8.3% 24h
Vol 24h
$9.8M
Open interest
—
Price move in 2 min
—
avg 7d
-0.005%/h
avg 30d
-0.004%/h
Price and skew
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 5h 47m, the peak usually lands at minute 192.5–197.5
median across 4 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 1 of 4 cases
median — 0.42% accrued against a 6.53% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.020465 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (30)
before cut-off · 5m · the snipe window (30)
avg+1.49% | -1.57%
max+7.19%
after · 5m
avg+1.01% | -1.13%
max-5.28%
before cut-off · 15m
avg+1.77% | -1.91%
max+10.97%
after · 15m
avg+0.70% | -1.93%
max-7.41%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 28.10 02:00 | -0.006% | +0.44% | +0.22% |
| 28.10 01:00 | -0.194% | -3.15% | -1.14% |
| 28.10 00:00 | -0.144% | -0.39% | -4.12% |
| 27.10 23:00 | -0.113% | +1.48% | +1.18% |
| 27.10 22:00 | -0.134% | -1.23% | -0.04% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 640 settlements
IRYS on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | +0.009% / 4h | +0.002%/h | shorts | -0.151% |
| Binance ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit+0.002%/h
shortsrate +0.009% / 4hsnipe -0.151%
Binance← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.001%/h
IRYS across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Binanceevery 4hBybitevery 4hBitgetevery 4hOKXevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0024%/h
widest spread
0.0502%/h
04.11 09:00 UTC · Bitget ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.