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IRYS — funding rate on OKX
OKX · IRYS-USDT-SWAP+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:51:56settlement
0calmheat
Price (mark)
0.01695
+1.3% 24h
Vol 24h
$2.2M
Open interest
$1.3M
Price move in 2 min
—
avg 7d
-0.004%/h
avg 30d
-0.008%/h
Price and skew
Liquidations
24h$634
$577 longs$57 shorts
Longs were wiped — 91% of the total. Quiet over the last hour.
Event life curvePRO · free in beta
Across 6 closed events of this pair: a typical one lives 3h 33m, the peak usually lands at minute 55–60
median across 6 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 2 of 6 cases
median — 0.51% accrued against a 7.90% 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
- 0.020255 (+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 (9)
before cut-off · 5m · the snipe window (9)
avg+3.12% | -6.40%
max-35.11%
after · 5m
avg+1.29% | -5.39%
max-24.27%
before cut-off · 15m
avg+2.48% | -9.63%
max-49.61%
after · 15m
avg+3.09% | -7.53%
max-28.07%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 28.10 00:00 | -0.427% | -0.63% | -4.17% |
| 27.10 08:00 | -0.277% | -0.26% | +0.11% |
| 27.10 04:00 | -0.677% | -3.36% | +1.94% |
| 27.10 00:00 | -0.666% | +5.95% | +6.20% |
| 26.10 08:00 | -0.186% | -0.88% | -2.74% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 9 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 495 settlements
IRYS on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | +0.033% / 4h | +0.008%/h | shorts | -0.127% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit+0.008%/h
shortsrate +0.033% / 4hsnipe -0.127%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.007%/h
IRYS across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
4 exchanges on one timeline
Bybitevery 4hOKXevery 4hBinanceevery 4hBitgetevery 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
0.0017%/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.