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 0.000%

Price spread now: HTX against Aster+0.061%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 HTX

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: HTX is 0.061% dearer against Aster than usual: you sell high and buy low, +$6 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	47.461	0	get 0.0000% / 8h	3h 48m	$29K	$4K	20x
Short	HTX IREN-USDT	47.490	0	get 0.0000% / 8h	3h 48m	$9K	$814	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → 0.000%: $6.1
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; HTX: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—

Aster and HTX: 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	47.461	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.492	+0.065%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.460	−0.002%	$1.2M	$538K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.520	+0.124%	$661K	$636K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.440	−0.044%	$721K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.450	−0.023%	$2.1M	$495K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.507	+0.096%	$212K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.565	+0.219%	$4K	$197K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.460	−0.002%	$966	$356K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.490	+0.061%	$9K	$814	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.460	−0.002%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0018%	1h	47.390	−0.150%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.457	−0.009%	$68K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.445	−0.034%	$4K	$7K	5x	as long as short
tradeXYZ xyz:IREN	+0.0050%	1h	47.407	−0.114%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.450	−0.023%	$746K	$222K	20x	as long as short
Paragon para:IREN	+0.0186%	1h	47.390	−0.150%	$609K	$182K	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.558	+0.204%	$83	$31K	10x	as long as short