Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.066%
Price spread now: Lighter RH against Binance+0.060%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 2 days (all we have)−0.039%−$4 · spread now +0.060%, 7d avg +0.093%
=Together, before fees−0.053%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.425 | 0 | get 0.0000% / 8h | 1h 04m | $3.5M | $6.7M | 25x |
| Short | Lighter RH IREN | 47.453 | 0.0056 | get 0.0007% / 1h | 4m 48s | $68K | $115K | 10x |
Binance IRENUSDT
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $11.76
- Price spread: +0.060% → +0.093%
- −$3.25
- Slippage, 4 orders
- −$23.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.44
- Costs to cover
- 0.339%
- Break-even
- 22.1 days
Slippage from Binance: live order book, 4 min ago; Lighter RH: live order book, 12 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 | 1.05 bp | 10.3 bp −$10 | 40.2 bp −$402 | 373.1 bp −$37.3K | doesn't fit |
| Sell Lighter RH live order book, 12 min ago | 3.79 bp | 6.4 bp −$6 | 65.8 bp −$658 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | −0.0002% | 1h | 47.310 | −0.241% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.401 | −0.049% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTlong | 0.0000% | 8h | 47.425 | long leg | $3.5M | $6.7M | 25x | |
| Bybit IRENUSDT | 0.0000% | 8h | 47.380 | −0.094% | $1.2M | $498K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.420 | −0.010% | $661K | $685K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.390 | −0.073% | $734K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.364 | −0.128% | $2.0M | $498K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.399 | −0.055% | $207K | $88K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.420 | −0.010% | $5K | $193K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.410 | −0.031% | $937 | $389K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | 47.360 | −0.136% | $9K | $700 | 20x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.410 | −0.031% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.375 | −0.104% | $4K | $8K | 5x | as long as short |
| Lighter RH IRENshort | +0.0056% | 1h | 47.453 | +0.060% | $68K | $115K | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.392 | −0.068% | $637K | $147K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.400 | −0.052% | $740K | $147K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0321% | 1h | 47.402 | −0.047% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0405% | 1h | 47.384 | −0.085% | $88 | $38K | 10x | as long as short |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN