Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.105%

Price spread now: Binance against Aster−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IRENUSDT	47.374	0	get 0.0000% / 8h	2h 29m	$29K	$4K	20x
Short	Binance IRENUSDT	47.363	0	get 0.0000% / 8h	2h 29m	$3.4M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.06 bp	12.8 bp −$13	60.7 bp −$607	221.4 bp −$22.1K	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRENUSDTlong	0.0000%	8h	47.374	long leg	$29K	$4K	20x
Binance IRENUSDTshort	0.0000%	8h	47.363	−0.022%	$3.4M	$6.7M	25x
Bybit IRENUSDT	0.0000%	8h	47.330	−0.092%	$1.2M	$503K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.330	−0.092%	$661K	$691K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.340	−0.071%	$741K	$1.6M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.333	−0.086%	$2.0M	$537K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.363	−0.023%	$187K	$68K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.350	−0.050%	$4K	$205K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.360	−0.029%	$912	$389K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.300	−0.155%	$9K	$673	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0003%	1h	47.270	−0.219%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0018%	1h	47.350	−0.050%	$1.2M	$2.1M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.382	+0.018%	$67K	$114K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.315	−0.124%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0059%	1h	47.324	−0.105%	$622K	$126K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.360	−0.029%	$751K	$144K	20x	as long as short
tradeXYZ xyz:IREN	+0.0310%	1h	47.372	−0.003%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0320%	1h	47.386	+0.026%	$85	$38K	10x	as long as short