ArbiLayer

IRYS arbitrage

live

Live Irys price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.01%Bitget → Bitget · Spot–Perp
Best perp–perp spread+0.13%OKX → Bitget
Markets tracked149 venues · 9 perp · 5 spot · 0 DEX
Price range0.26%$0.0157 – $0.0157

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$0.0157Bitget logoBitget$0.0157 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0157Bitget logoBitget$0.0157 +0.08%-0.08% +0.07%— -0.105%— LS Chart →
OKX logoOKX$0.0157Binance logoBinance$0.0157 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$0.0157MEXC logoMEXC$0.0157 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$0.0157Gate logoGate$0.0157 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Bybit logoBybit$0.0157Bitget logoBitget$0.0157 +0.04%-0.12% +0.06%— +0.142%— LS Chart →
KuCoin logoKuCoin$0.0157Binance logoBinance$0.0157 +0.02%-0.14% +0.00%— -0.105%— LS Chart →
KuCoin logoKuCoin$0.0157MEXC logoMEXC$0.0157 +0.02%-0.14% +0.00%— -0.105%— LS Chart →
KuCoin logoKuCoin$0.0157Gate logoGate$0.0157 +0.02%-0.14% +0.00%— -0.105%— LS Chart →
Binance logoBinance$0.0157Bitget logoBitget$0.0157 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0157Bitget logoBitget$0.0157 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.0157Bitget logoBitget$0.0157 0.00%-0.16% 0.00%— 0.000%— LS Chart →
OKX logoOKX$0.0157Bybit logoBybit$0.0157 -0.02%-0.18% -0.04%— -0.142%— LS Chart →
Bybit logoBybit$0.0157Binance logoBinance$0.0157 -0.03%-0.19% -0.00%— +0.142%— LS Chart →
Bybit logoBybit$0.0157MEXC logoMEXC$0.0157 -0.03%-0.19% -0.00%— +0.142%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IRYS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · IRYSUSDTMPerpetual $0.0157$0.0157$0.0157-0.06% +0.135%$1.14M
Bybit logoBybitPerpetual · IRYSUSDTPerpetual $0.0157$0.0157$0.0157+0.02% -0.112%$232.1K
OKX logoOKXPerpetual · IRYS-USDT-SWAPPerpetual $0.0157$0.0157$0.0157-0.05% +0.030%$178.8K
OKX logoOKXSpot · IRYS-USDTSpot $0.0157$0.0157$0.0157-0.05% —$133.5K
MEXC logoMEXCPerpetual · IRYS_USDTPerpetual $0.0157$0.0157$0.0157+0.08% +0.030%$113.7K
Bitget logoBitgetSpot · IRYSUSDTSpot $0.0157$0.0157$0.0157-0.11% —$88.7K
Bitget logoBitgetPerpetual · IRYSUSDTPerpetual $0.0157$0.0157$0.0157+0.14% +0.030%$58.9K
KuCoin logoKuCoinSpot · IRYS-USDTSpot $0.0157$0.0157$0.0157+0.02% —$42.0K
Gate logoGatePerpetual · IRYS_USDTPerpetual $0.0157$0.0157$0.0157+0.08% +0.030%$15.5K
Gate logoGateSpot · IRYS_USDTSpot $0.0157$0.0157$0.0157-0.02% —$4.4K
Variational logoVariationalPerpetual · IRYSPerpetual $0.0156$0.0157$0.0157-0.11% +0.030%$72
Binance logoBinancePerpetual · IRYSUSDTPerpetual $0.0157$0.0157$0.0157+0.08% +0.030%—
Aster logoAsterPerpetual · IRYSUSDTPerpetual $0.0157$0.0157$0.0157+0.05% +0.030%—
MEXC logoMEXCSpot · IRYSUSDTSpot $0.0157$0.0157$0.0157-0.08% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IRYS arbitrage explained

Right now Irys (IRYS) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.0157 and the highest bid on Bitget perp at $0.0157.

The widest IRYS perpetual spread is between OKX and Bitget: long IRYS on OKX at $0.0157 and short on Bitget at $0.0157 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best IRYS route is to buy spot on Bitget and short the perpetual on Bitget: +0.19% gross, -0.01% net, with +0.030% a day of funding on the short leg.

Spot–spot IRYS arbitrage (buy on Bitget, withdraw, deposit and sell on OKX) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small IRYS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IRYS funding rates · IRYS spread charts · Irys price · arbitrage scanner for all coins.

Is there a IRYS arbitrage opportunity right now?

The best IRYS route right now is to buy on Bitget spot → sell on Bitget (Spot–Perp): +0.19% gross and -0.01% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest IRYS?

Bitget (spot) has the lowest IRYS ask at $0.0157, and Bitget (perp) the highest bid at $0.0157. Prices update every 15 seconds on this page.

How many exchanges list IRYS?

ArbiLayer tracks 14 IRYS markets on 9 venues: 9 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage IRYS without transferring coins?

Use two perpetual contracts: go long IRYS on the cheaper exchange (OKX now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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