IRYS arbitrage between KuCoin and Bybit: we compare the price of IRYS on KuCoin (futures) and Bybit (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Irys

Irys is a Layer 1 datachain that unifies onchain data storage and smart contract execution into a single network. Traditional smart contract chains handle financial transactions but lack native primitives for working with data at scale. Traditional datachains handle storage but lack integration with smart contracts. Irys serves both. Irys bridges this gap by unifying storage and execution, making data programmable through IrysVM, its native EVM execution layer. The network offers flexible storage options: users can choose between term storage (temporary, duration-based) or permanent storage (one-time payment for perpetual retention). Both operate at at-cost pricing, made possible by Irys's multi-revenue model that combines storage fees, execution fees, and programmable data transactions. This design allows Irys to remain competitive on price while maintaining economic sustainability.…

Smart Contract Platform, BNB Chain Ecosystem, Layer 1 (L1), Ethereum Ecosystem

Over the past 24 hours the spread between KuCoin and Bybit stayed between 0.16% and 0.50%, median 0.25% across 118 samples (futures to futures).

IRYS: KuCoin — deposit open, withdrawal open.

Open interest in IRYS right now — $6.8M: KuCoin $2.0M, Binance $1.4M, BingX $1.1M, Bybit $1.1M, Bitget $770.1K. See OI IRYS.

About IRYS arbitrage

How do I read the IRYS spread?

The spread is how many percent higher IRYS trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on KuCoin and Bybit. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get IRYS alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.