IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Aster−0.098%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 KuCoin

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 pays, the price is against you. KuCoin is 0.098% cheaper against Aster than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IRENUSDT	47.527	0	get 0.0000% / 8h	3h 47m	$29K	$4K	20x
Short	KuCoin IRENUSDTM	47.480	0.0100	get 0.0100% / 8h	3h 47m	$747K	$223K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.098%Rate

Funding earned: $21
Price spread: −0.098% → 0.000%: −$9.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.79
Costs to cover: 0.200%
Break-even: 9.9 days

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 32 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 KuCoin live order book, 32 min ago	4.20 bp	31.7 bp −$32	doesn't fit	doesn't fit	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	47.527	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.500	−0.056%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.470	−0.119%	$1.2M	$538K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.540	+0.028%	$661K	$636K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.490	−0.077%	$722K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.472	−0.115%	$2.1M	$495K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.507	−0.042%	$212K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.565	+0.081%	$4K	$197K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.420	−0.224%	$970	$356K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.460	−0.140%	$9K	$817	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.450	−0.161%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0018%	1h	47.390	−0.287%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.518	−0.018%	$68K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.440	−0.182%	$4K	$7K	5x	as long as short
tradeXYZ xyz:IREN	+0.0050%	1h	47.468	−0.123%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.480	−0.098%	$747K	$223K	20x
Paragon para:IREN	+0.0161%	1h	47.440	−0.182%	$610K	$182K	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.558	+0.066%	$83	$31K	10x	as long as short