Funding you earn now, next payment 23:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.095%
Price spread now: Phoenix against Aster−0.056%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.056% cheaper against Aster than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster IRENUSDT | 47.522 | 0 | get 0.0000% / 8h | 7h 59m | $29K | $4K | 20x |
| Short | Phoenix IREN | 47.495 | 0.0388 | get 0.0049% / 1h | 59m 38s | $86 | $38K | 10x |
Aster IRENUSDT
Phoenix IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $81.49
- Price spread: −0.056% → 0.000%
- −$5.62
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $60.87
- Costs to cover
- 0.150%
- Break-even
- 1.8 days
Slippage unknown: Aster: no order-book sample; Phoenix: 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 Phoenix no order-book sample | — | — | — | — | — |
Aster and Phoenix: 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 | 47.522 | long leg | $29K | $4K | 20x | |
| Bybit IRENUSDT | 0.0000% | 8h | 47.420 | −0.214% | $1.2M | $474K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.510 | −0.025% | $663K | $639K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.490 | −0.067% | $739K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.459 | −0.132% | $2.0M | $443K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.479 | −0.091% | $208K | $86K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.490 | −0.067% | $869 | $384K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.450 | −0.151% | $9K | $723 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0004% | 1h | 47.400 | −0.256% | — | $15K | 10x | as long as short |
| Paragon para:IREN | +0.0006% | 1h | 47.451 | −0.148% | $638K | $147K | 10x | as long as short |
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Paragon para:IRENShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance IRENUSDT | +0.0011% | 8h | 47.469 | −0.111% | $3.5M | $6.5M | 25x | as long as short |
| GRVT IREN_USDT_Perp | +0.0019% | 8h | 47.484 | −0.079% | $5K | $189K | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.408 | −0.239% | $68K | $108K | 10x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 47.470 | −0.109% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.439 | −0.174% | $4K | $8K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.490 | −0.067% | $747K | $154K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0206% | 1h | 47.480 | −0.088% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IRENshort | +0.0388% | 1h | 47.495 | −0.056% | $86 | $38K | 10x |
Binance IRENUSDT
GRVT IREN_USDT_Perp
Lighter RH IREN
QFEX IREN-USD
Extended IREN_24_5-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN