Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Binance−0.021%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.021%, 7d avg −0.037%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.040 | 0 | get 0.0000% / 8h | 3h 01m | $3.4M | $6.2M | 25x |
| Short | Bybit IRENUSDT | 47.030 | 0 | get 0.0000% / 8h | 3h 01m | $1.2M | $544K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.021% → −0.037%
- $1.57
- Slippage, 4 orders
- −$48.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$68.21
- Costs to cover
- 0.698%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 4 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, 7 min ago | 3.18 bp | 8.9 bp −$9 | 33.9 bp −$339 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.13 bp | 23.4 bp −$23 | 115.9 bp −$1,159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.085 | +0.095% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTlong | 0.0000% | 8h | 47.040 | long leg | $3.4M | $6.2M | 25x | |
| Bybit IRENUSDTshort | 0.0000% | 8h | 47.030 | −0.021% | $1.2M | $544K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.050 | +0.021% | $647K | $649K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.060 | +0.043% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.008 | −0.068% | $2.1M | $501K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.087 | +0.099% | $192K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.100 | +0.128% | $4K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.060 | +0.043% | $1K | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.100 | +0.128% | $9K | $831 | 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 | +0.0007% | 1h | 46.970 | −0.149% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0011% | 1h | 47.070 | +0.064% | $1.2M | $1.5M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.995 | −0.096% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0061% | 1h | 47.032 | −0.017% | $605K | $182K | 10x | as long as short |
| Lighter RH IREN | +0.0064% | 1h | 47.093 | +0.113% | $69K | $97K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.040 | 0.000% | $739K | $233K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0175% | 1h | 47.051 | +0.023% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.071 | +0.066% | $87 | $31K | 10x | as long as short |
Binance IRENUSDT
Bybit IRENUSDT
Aster IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN