Squeeze Insights Lab
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IRYS/USDT

Last updated: 9/15/2026, 5:13:45 AM

Unknown

No data available

Stress Score (Normalized)
0–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.438
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-0.6%
OI Δ 7d
-7.7%
OI acceleration
+0.0%
ΔFunding 24h
+0.000%
|Funding| %ile
99
Vol compression
95
Volume spike
0
Perp basis

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
2026-06-182026-09-15 · daily snapshots since tracking begangaps = days without a valid score

Recent track record

19/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 8/183d · 6/167d · 5/6
2026-09-141d▼ DN-0.3%
2026-09-131d▼ DN-2.8%
2026-09-121d▼ DN+2.0%
2026-09-123d▼ DN-1.2%
2026-09-111d▼ DN+3.7%
2026-09-113d▼ DN+2.8%
2026-09-101d▼ DN-4.2%
2026-09-103d▼ DN+1.3%
2026-09-091d▼ DN-5.6%
2026-09-093d▼ DN-6.2%

Aggregated Open Interest (All Exchanges)

Total OI
$2.76M
Binance
$1.42M
51.4%
Bybit
$705.28K
25.6%
KuCoin
$634.33K
23.0%
Market Cap
$28.00M
Market Cap / Aggregated OI
$28.00M / $2.76M= 10.1504

Risk Signals (Extra)

OI / Volume (24h)
8.315
Level: high
Exchange OI Dominance
binance
Share: 51.4%
No dominance risk

Liquidation history

Long-side 91% of 30d liqstoday: 1st percentile of 90d
$38.1K$12.6K$006-1507-0307-2108-0808-2609-14
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 55.5% long and 44.5% short in IRYSUSDT, a long/short ratio of 1.25. All accounts on the venue sit at 79.5% long, so the largest positions are leaning against the crowd. IRYS has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.

Interval:

Open Interest

Coinalyze
Latest
$1.42M
ΔOI
-$34.98K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.014$0.013967$0.014
OI (USD)$1.42M$705.28K$634.33K
OI share51.4%25.6%23.0%
OI (tokens)101,364,21150,496,40045,309,200
Funding rate0.0050%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$28.00M
24h Liquidations
0
Token Symbol
IRYS
Sources
CMC, Coinalyze

IRYS sits in the erratic movers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way IRYS's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

IRYS perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

How much open interest does IRYS have right now?

Aggregated open interest in IRYS perpetuals is $2.76M: $1.42M on Binance (51%), $705.3K on Bybit (26%) and $634.3K on KuCoin (23%). That position base is -0.6% over 24 hours and -7.7% over the last week. Open interest is 8.32× the pair's 24-hour volume, so positions are being held rather than churned.

What is IRYS's funding rate?

Binance settles IRYSUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Why doesn't IRYS have a leverage-stress score?

The stress score only publishes when all three of its inputs are present — market cap versus open interest, the open-interest swing against funding, and 24-hour liquidation volume — and 24-hour liquidation volume is missing for IRYSUSDT. We show no score rather than a score built on a zero. Everything else on this page ($2.76M of open interest, funding, price and positioning) is live and unaffected.

Has IRYS seen heavy liquidations lately?

Over the last 30 complete days, 91% of the IRYS notional that got liquidated was long positions and 9% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 1st percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

How does IRYS's open interest compare with its market cap?

IRYS carries $28.00M of market cap against $2.76M of perpetual open interest — 10.2 dollars of token value for every dollar of open position. The lower that ratio, the more of the asset is effectively being traded on leverage; below about 5 we treat a pair as crowded, and IRYS at 10.2 sits outside that zone.

Is IRYS's positioning changing quickly?

IRYS's pulse score is 0.219 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest -0.6% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

IRYS/USDT (IRYSUSDT) perpetual futures shows $2.76M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.