Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%
Price spread now: Gate against Binance−0.021%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1161.156% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 2 days (all we have)+0.057%+$6 · spread now −0.021%, 7d avg −0.008%
Together, before fees+0.118%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance IRENUSDT47.4200get 0.0000% / 8h1h 32m$3.4M$6.7M25x
ShortGate IREN_USDT47.4100get 0.0000% / 8h1h 32m$743K$1.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$0
Price spread: −0.021% → −0.008%
−$1.31
Slippage, 4 orders
−$90.57
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$116.88
Costs to cover
1.156%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago1.05 bp9.8 bp −$1038.5 bp −$385doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago5.27 bp77.9 bp −$7895.2 bp −$952120.4 bp −$12.0Kdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.428+0.017%$29K$4K20xas long as short
Binance IRENUSDTlong0.0000%8h47.420long leg$3.4M$6.7M25x
Bybit IRENUSDT0.0000%8h47.390−0.063%$1.2M$498K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.470+0.105%$663K$687K25xas long as short
Gate IREN_USDTshort0.0000%8h47.410−0.021%$743K$1.5M25x
Bitget IRENUSDT0.0000%8h47.395−0.053%$2.0M$499K20xas long as short
Variational Omni IREN0.0000%8h47.430+0.020%$187K$68Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.450+0.063%$4K$199K10xas long as short
SunX IREN-USDT0.0000%8h47.4200.000%$588$389K10xas long as short
HTX IREN-USDT0.0000%8h47.380−0.084%$9K$69420xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP0.0000%1h47.340−0.169%$15K10xas long as short
QFEX IREN-USD+0.0026%1h47.410−0.021%$1.2M$2.1M10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.384−0.076%$4K$8K5xas long as short
Paragon para:IREN+0.0060%1h47.385−0.073%$623K$124K10xas long as short
Lighter RH IREN+0.0088%1h47.455+0.074%$68K$114K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.430+0.021%$751K$142K20xas long as short
tradeXYZ xyz:IREN+0.0395%1h47.438+0.038%$3.2M$1.9M10xas long as short
Phoenix IREN+0.0405%1h47.438+0.038%$83$38K10xas long as short