IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Binance−0.021%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 2 days (all we have)+0.034%+$3 · spread now −0.021%, 7d avg +0.011%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IRENUSDT	47.690	0.0059	pay 0.0059% / 8h	7h 28m	$3.5M	$6.3M	25x
Short	OKX IREN-USDT-SWAP	47.680	0	get 0.0000% / 8h	7h 28m	$659K	$639K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$12.49
Price spread: −0.021% → +0.011%: −$3.24
Slippage, 4 orders: −$49.44
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.17
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; OKX: live order book, 42 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, 10 min ago	2.10 bp	10.1 bp −$10	49.3 bp −$493	607.7 bp −$60.8K	doesn't fit
Sell OKX live order book, 42 min ago	7.38 bp	16.8 bp −$17	doesn't fit	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	47.745	+0.115%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.670	−0.042%	$1.2M	$469K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	47.680	−0.021%	$659K	$639K	25x
Gate IREN_USDT	0.0000%	8h	47.650	−0.084%	$747K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.575	−0.241%	$2.0M	$438K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.653	−0.078%	$209K	$86K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.640	−0.105%	$950	$363K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.590	−0.210%	$9K	$734	20x	as long as short
Vest IREN-USD-PERP	+0.0001%	1h	47.580	−0.231%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.645	−0.094%	$4K	$8K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0045%	1h	47.650	−0.084%	$1.2M	$2.0M	10x	as long as short
Binance IRENUSDTlong	+0.0059%	8h	47.690	long leg	$3.5M	$6.3M	25x
Paragon para:IREN	+0.0060%	1h	47.630	−0.126%	$640K	$146K	10x	as long as short
Lighter RH IREN	+0.0080%	1h	47.724	+0.071%	$68K	$108K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.650	−0.084%	$750K	$160K	20x	as long as short
Phoenix IREN	+0.0337%	1h	47.639	−0.107%	$85	$35K	10x	as long as short
GRVT IREN_USDT_Perp	+0.0350%	8h	47.648	−0.088%	$5K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0572%	1h	47.668	−0.046%	$3.2M	$1.9M	10x	as long as short