ArbiLayer

IRYS arbitrage

live

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

Best net spread+0.14%OKX → Gate · Spot–Perp
Best perp–perp spread+0.20%OKX → Gate
Markets tracked149 venues · 9 perp · 5 spot · 0 DEX
Price range0.41%$0.0147 – $0.0148

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKXspot$0.0147KuCoin logoKuCoinspot$0.0147 +0.20%+0.00% +0.20%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0147KuCoin logoKuCoinspot$0.0147 +0.14%-0.06% +0.14%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0147KuCoin logoKuCoinspot$0.0147 +0.07%-0.13% +0.07%— 0.000%— LS Chart →
OKX logoOKXspot$0.0147Gate logoGatespot$0.0147 0.00%-0.20% 0.00%— 0.000%— LS Chart →
OKX logoOKXspot$0.0147Bitget logoBitgetspot$0.0147 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0147KuCoin logoKuCoinspot$0.0147 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0147Gate logoGatespot$0.0147 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
OKX logoOKXspot$0.0147MEXC logoMEXCspot$0.0147 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0147Gate logoGatespot$0.0147 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0147Bitget logoBitgetspot$0.0147 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0147OKX logoOKXspot$0.0147 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0147MEXC logoMEXCspot$0.0147 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Gate logoGatespot$0.0147Bitget logoBitgetspot$0.0147 -0.20%-0.40% -0.20%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0147OKX logoOKXspot$0.0147 -0.20%-0.40% -0.20%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0148Gate logoGatespot$0.0147 -0.27%-0.47% -0.27%— 0.000%— 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 $0.0147$0.0147$0.0147-0.06% +0.030%$1.18M
OKX logoOKXPerpetual · IRYS-USDT-SWAPPerpetual $0.0147$0.0147$0.0147-0.13% +0.030%$287.8K
Bybit logoBybitPerpetual · IRYSUSDTPerpetual $0.0147$0.0148$0.0147-0.01% +0.028%$275.3K
OKX logoOKXSpot · IRYS-USDTSpot $0.0147$0.0147$0.0147-0.27% —$216.4K
Bitget logoBitgetSpot · IRYSUSDTSpot $0.0147$0.0147$0.0147-0.20% —$147.7K
MEXC logoMEXCPerpetual · IRYS_USDTPerpetual $0.0148$0.0148$0.0148+0.07% +0.030%$118.6K
KuCoin logoKuCoinSpot · IRYS-USDTSpot $0.0147$0.0148$0.0147+0.01% —$79.7K
Bitget logoBitgetPerpetual · IRYSUSDTPerpetual $0.0148$0.0148$0.0148+0.07% +0.030%$75.3K
Gate logoGatePerpetual · IRYS_USDTPerpetual $0.0148$0.0148$0.0148+0.14% +0.030%$30.8K
Gate logoGateSpot · IRYS_USDTSpot $0.0147$0.0147$0.0147-0.13% —$19.1K
Variational logoVariationalPerpetual · IRYSPerpetual $0.0147$0.0148$0.0148+0.04% +0.030%$80
Binance logoBinancePerpetual · IRYSUSDTPerpetual $0.0148$0.0148$0.0148+0.07% +0.030%—
Aster logoAsterPerpetual · IRYSUSDTPerpetual $0.0147$0.0148$0.0148+0.11% +0.030%—
MEXC logoMEXCSpot · IRYSUSDTSpot $0.0147$0.0147$0.0147-0.20% ——
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 OKX spot at $0.0147 and the highest bid on Gate perp at $0.0148.

The widest IRYS perpetual spread is between OKX and Gate: long IRYS on OKX at $0.0147 and short on Gate at $0.0148 for +0.20% gross, or +0.04% 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 OKX and short the perpetual on Gate: +0.34% gross, +0.14% net, with +0.030% a day of funding on the short leg.

Spot–spot IRYS arbitrage (buy on OKX, withdraw, deposit and sell on KuCoin) shows +0.20% 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 OKX spot → sell on Gate (Spot–Perp): +0.34% gross and +0.14% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest IRYS?

OKX (spot) has the lowest IRYS ask at $0.0147, and Gate (perp) the highest bid at $0.0148. 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 (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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