Funding you earn now, next payment 08:00 UTC−0.0411%/8h= −45.0% APRnext payment −$4.11 per $10,000 · paid last 24h −0.001%
Price spread now: Bitget against Binance−0.068%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1021.016% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.068%, 7d avg −0.106%
=The price spread pays, funding is against you. Bitget is 0.039% dearer against Binance than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.106%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.014% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 46.875 | 0 | get 0.0000% / 8h | 2h 17m | $3.4M | $6.2M | 25x |
| Short | Bitget IRENUSDT | 46.843 | −0.0411 | pay 0.0411% / 8h | 2h 17m | $2.1M | $520K | 20x |
Binance IRENUSDT
Bitget IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$86.31
- Price spread: −0.068% → −0.106%
- $3.85
- Slippage, 4 orders
- −$79.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$184.09
- Costs to cover
- 1.016%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 5 min ago.
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 Binance live order book, 6 min ago | 2.14 bp | 11.5 bp −$12 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.06 bp | 37.9 bp −$38 | 82.7 bp −$827 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDTshort | −0.0411% | 8h | 46.843 | −0.068% | $2.1M | $520K | 20x | |
| Vest IREN-USD-PERP | −0.0007% | 1h | 46.790 | −0.181% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.902 | +0.058% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTlong | 0.0000% | 8h | 46.875 | long leg | $3.4M | $6.2M | 25x | |
| Bybit IRENUSDT | 0.0000% | 8h | 46.860 | −0.032% | $1.2M | $550K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.910 | +0.075% | $625K | $691K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.880 | +0.011% | $716K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.792 | −0.177% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.840 | −0.074% | $4K | $210K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.860 | −0.032% | $1K | $346K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.780 | −0.202% | $9K | $845 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.860 | −0.032% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.840 | −0.074% | $1.2M | $1.6M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.843 | −0.068% | $603K | $182K | 10x | as long as short |
| Lighter RH IREN | +0.0072% | 1h | 46.886 | +0.024% | $70K | $98K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.850 | −0.053% | $736K | $250K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0223% | 1h | 46.856 | −0.040% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0340% | 1h | 46.924 | +0.105% | $86 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN