Funding you earn now, next payment 16:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against Binance0.000%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1521.516% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)−0.594%−$59 · spread now 0.000%, 7d avg −0.044%
=The price spread pays, funding is against you. KuCoin is 0.044% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.230%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.320 | 0.0133 | pay 0.0133% / 8h | 5h 27m | $3.5M | $6.4M | 25x |
| Short | KuCoin IRENUSDTM | 47.320 | 0.0100 | get 0.0100% / 8h | 5h 27m | $748K | $432K | 20x |
Binance IRENUSDT
KuCoin IRENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.98
- Price spread: 0.000% → −0.044%
- $4.4
- Slippage, 4 orders
- −$129.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$154.16
- Costs to cover
- 1.516%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 1.06 bp | 14.4 bp −$14 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 5.28 bp | 49.9 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
IREN on 18 exchanges
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 | 47.328 | +0.017% | $24K | $9K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.300 | −0.042% | $1.2M | $562K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.330 | +0.021% | $638K | $680K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.320 | 0.000% | $814K | $1.4M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.284 | −0.076% | $2.1M | $647K | 20x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.270 | −0.106% | $1K | $304K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.270 | −0.106% | $9K | $873 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0011% | 1h | 47.240 | −0.169% | — | $15K | 10x | as long as short |
| Variational Omni IREN | +0.0018% | 8h | 47.274 | −0.097% | $184K | $100K | — | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.353 | +0.070% | $72K | $97K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Variational Omni IREN
Lighter RH IRENShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.240 | −0.169% | $4K | $4K | 5x | as long as short |
| QFEX IREN-USD | +0.0049% | 1h | 47.300 | −0.042% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IREN | +0.0071% | 1h | 47.270 | −0.106% | $608K | $176K | 10x | as long as short |
| KuCoin IRENUSDTMshort | +0.0100% | 8h | 47.320 | 0.000% | $748K | $432K | 20x | |
| Binance IRENUSDTlong | +0.0133% | 8h | 47.320 | long leg | $3.5M | $6.4M | 25x | |
| tradeXYZ xyz:IREN | +0.0276% | 1h | 47.303 | −0.036% | $3.2M | $2.1M | 10x | as long as short |
| Phoenix IREN | +0.0321% | 1h | 47.314 | −0.013% | $87 | $31K | 10x | as long as short |
| GRVT IREN_USDT_Perp | +0.0324% | 8h | 47.287 | −0.070% | $4K | $236K | 10x | as long as short |
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
tradeXYZ xyz:IREN
Phoenix IREN
GRVT IREN_USDT_Perp