IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h +0.001%

Price spread now: GRVT against Binance−0.017%89s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$820.824% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 2 days (all we have)−0.019%−$2 · spread now −0.017%, 7d avg +0.006%

Together, before fees−0.012%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 89 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	Binance IRENUSDT	47.380	0.0007	pay 0.0007% / 8h	6h 20m	$3.4M	$6.3M	25x
Short	GRVT IREN_USDT_Perp	47.372	0	get 0.0000% / 8h	6h 20m	$4K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee BinancebpFee GRVTbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$1.44
Price spread: −0.017% → +0.006%: −$2.25
Slippage, 4 orders: −$63.43
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$86.13
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 43 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, 3 min ago	1.05 bp	13.0 bp −$13	41.3 bp −$413	doesn't fit	doesn't fit
Sell GRVT live order book, 43 min ago	4.20 bp	32.3 bp −$32	74.9 bp −$749	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	47.495	+0.243%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.370	−0.021%	$1.2M	$523K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.410	+0.063%	$648K	$634K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.380	0.000%	$724K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.380	0.000%	$2.0M	$436K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.371	−0.018%	$209K	$84K	—	as long as short
GRVT IREN_USDT_Perpshort	0.0000%	8h	47.372	−0.017%	$4K	$180K	10x
SunX IREN-USDT	0.0000%	8h	47.350	−0.063%	$942	$360K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.250	−0.274%	$9K	$760	20x	as long as short
Vest IREN-USD-PERP	+0.0003%	1h	47.310	−0.148%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IRENUSDTlong	+0.0007%	8h	47.380	long leg	$3.4M	$6.3M	25x
QFEX IREN-USD	+0.0029%	1h	47.390	+0.021%	$1.2M	$1.8M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.401	+0.044%	$68K	$99K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.360	−0.042%	$4K	$7K	5x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.380	0.000%	$745K	$184K	20x	as long as short
tradeXYZ xyz:IREN	+0.0253%	1h	47.369	−0.023%	$3.2M	$1.9M	10x	as long as short
Paragon para:IREN	+0.0321%	1h	47.358	−0.046%	$599K	$172K	10x	as long as short
Phoenix IREN	+0.0353%	1h	47.393	+0.027%	$83	$31K	10x	as long as short