Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%

Price spread now: Gate against Aster+0.025%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 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: Gate is 0.025% dearer against Aster than usual: you sell high and buy low, +$3 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	47.148	0	get 0.0000% / 8h	3h 10m	$29K	$4K	20x
Short	Gate IREN_USDT	47.160	0	get 0.0000% / 8h	3h 10m	$715K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → 0.000%: $2.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.47
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	2.12 bp	18.7 bp −$19	82.7 bp −$827	115.4 bp −$11.5K	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	47.148	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.152	+0.008%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.130	−0.038%	$1.2M	$539K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.180	+0.068%	$649K	$649K	25x	as long as short
Gate IREN_USDTshort	0.0000%	8h	47.160	+0.025%	$715K	$1.2M	25x
Bitget IRENUSDT	0.0000%	8h	47.146	−0.004%	$2.1M	$497K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.146	−0.004%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.260	+0.238%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.220	+0.153%	$980	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.130	−0.038%	$9K	$828	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	+0.0010%	1h	47.090	−0.123%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.160	+0.025%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.110	−0.081%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0048%	1h	47.181	+0.070%	$69K	$97K	10x	as long as short
Paragon para:IREN	+0.0061%	1h	47.130	−0.038%	$606K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.130	−0.038%	$741K	$230K	20x	as long as short
tradeXYZ xyz:IREN	+0.0153%	1h	47.134	−0.030%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.226	+0.165%	$85	$31K	10x	as long as short