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 −0.105%
Price spread now: SunX against Binance0.000%46s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1751.746% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 2 days (all we have)−0.062%−$6 · spread now 0.000%, 7d avg +0.011%
Together, before fees−0.168%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance IRENUSDT47.3900get 0.0000% / 8h2h 00m$3.4M$6.7M25x
ShortSunX IREN-USDT47.3900get 0.0000% / 8h2h 00m$494$390K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: 0.000% → +0.011%
−$1.13
Slippage, 4 orders
−$156.61
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$175.73
Costs to cover
1.746%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; SunX: live order book, 10 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, 8 min ago4.22 bp15.8 bp −$1647.5 bp −$475doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago50.62 bp72.0 bp −$72doesn't fitdoesn't fitdoesn'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
Paragon para:IREN−0.0081%1h47.365−0.053%$622K$126K10xas long as short
Aster IRENUSDT0.0000%8h47.388−0.003%$29K$4K20xas long as short
Binance IRENUSDTlong0.0000%8h47.390long leg$3.4M$6.7M25x
Bybit IRENUSDT0.0000%8h47.370−0.042%$1.2M$503K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.400+0.021%$662K$692K25xas long as short
Gate IREN_USDT0.0000%8h47.380−0.021%$742K$1.6M25xas long as short
Bitget IRENUSDT0.0000%8h47.366−0.051%$2.0M$538K20xas long as short
Variational Omni IREN0.0000%8h47.407+0.036%$187K$68Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.410+0.042%$4K$204K10xas long as short
SunX IREN-USDTshort0.0000%8h47.3900.000%$494$390K10x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IREN-USDT0.0000%8h47.360−0.063%$9K$68420xas long as short
Vest IREN-USD-PERP+0.0002%1h47.310−0.169%$15K10xas long as short
QFEX IREN-USD+0.0018%1h47.360−0.063%$1.2M$2.1M10xas long as short
Lighter RH IREN+0.0032%1h47.444+0.114%$67K$114K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.355−0.074%$4K$8K5xas long as short
KuCoin IRENUSDTM+0.0100%8h47.3900.000%$751K$144K20xas long as short
Phoenix IREN+0.0320%1h47.428+0.080%$87$38K10xas long as short
tradeXYZ xyz:IREN+0.0321%1h47.404+0.030%$3.2M$1.9M10xas long as short