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: OKX against Aster−0.049%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 OKX

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: OKX is 0.049% cheaper against Aster than usual: you would sell low and buy high, −$5 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	47.653	0	get 0.0000% / 8h	4h 20m	$29K	$4K	20x
Short	OKX IREN-USDT-SWAP	47.630	0	get 0.0000% / 8h	4h 20m	$646K	$620K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → 0.000%: −$4.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.87
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 35 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 OKX live order book, 35 min ago	7.37 bp	15.3 bp −$15	689.2 bp −$6,892	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	47.653	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.640	−0.028%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.630	−0.049%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	47.630	−0.049%	$646K	$620K	25x
Gate IREN_USDT	0.0000%	8h	47.630	−0.049%	$725K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.586	−0.141%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.636	−0.036%	$213K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.640	−0.028%	$4K	$192K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.630	−0.049%	$738	$357K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.580	−0.154%	$9K	$802	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	+0.0017%	1h	47.580	−0.154%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.661	+0.016%	$69K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.625	−0.059%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0044%	1h	47.620	−0.070%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.601	−0.109%	$612K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0088%	1h	47.632	−0.044%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.640	−0.028%	$748K	$218K	20x	as long as short
Phoenix IREN	+0.0421%	1h	47.616	−0.078%	$85	$31K	10x	as long as short