Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Aster+0.002%46s7-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 SunX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IRENUSDT	46.479	0	get 0.0000% / 8h	7h 47m	$24K	$9K	20x
Short	SunX IREN-USDT	46.480	0	get 0.0000% / 8h	7h 47m	$1K	$327K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → 0.000%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 63 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 SunX live order book, 63 min ago	47.02 bp	75.6 bp −$76	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
Paragon para:IREN	−0.0473%	1h	46.387	−0.198%	$597K	$177K	10x	as long as short
Bitget IRENUSDT	−0.0154%	8h	46.437	−0.091%	$2.1M	$559K	20x	as long as short
Vest IREN-USD-PERP	−0.0009%	1h	46.330	−0.321%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	46.479	long leg	$24K	$9K	20x
Binance IRENUSDT	0.0000%	8h	46.480	+0.002%	$3.5M	$6.3M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.450	−0.063%	$1.2M	$567K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.500	+0.045%	$621K	$654K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.440	−0.084%	$814K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.562	+0.179%	$184K	$99K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.458	−0.045%	$4K	$223K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IREN-USDTshort	0.0000%	8h	46.480	+0.002%	$1K	$327K	10x
HTX IREN-USDT	0.0000%	8h	46.450	−0.063%	$9K	$876	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.407	−0.155%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.480	+0.002%	$1.2M	$1.4M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.490	+0.023%	$734K	$296K	20x	as long as short
Lighter RH IREN	+0.0104%	1h	46.484	+0.011%	$69K	$97K	10x	as long as short
tradeXYZ xyz:IREN	+0.0223%	1h	46.442	−0.080%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.419	−0.129%	$86	$31K	10x	as long as short