Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.009%
Price spread now: Variational Omni against Binance−0.322%7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 2 days (all we have)+0.239%+$24 · spread now −0.322%, 7d avg +0.024%
=Together, before fees+0.230%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.347% cheaper against Binance than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.632 | 0.0010 | pay 0.0010% / 8h | 7h 56m | $3.5M | $6.4M | 25x |
| Short | Variational Omni IREN | 47.479 | 0 | get 0.0000% / 8h | 7h 56m | $208K | $86K | — |
Binance IRENUSDT
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$2.13
- Price spread: −0.322% → +0.024%
- −$34.66
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.79
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 min ago; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.
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, 12 min ago | 1.05 bp | 11.3 bp −$11 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 5.20 bp | doesn't fit | 47.0 bp −$470 | 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 | 47.633 | +0.001% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.620 | −0.025% | $1.2M | $474K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.620 | −0.025% | $662K | $642K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.580 | −0.109% | $740K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.552 | −0.168% | $2.0M | $441K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.479 | −0.322% | $208K | $86K | — | |
| SunX IREN-USDT | 0.0000% | 8h | 47.490 | −0.298% | $875 | $371K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.450 | −0.382% | $9K | $723 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0002% | 1h | 47.500 | −0.277% | — | $15K | 10x | as long as short |
| Binance IRENUSDTlong | +0.0010% | 8h | 47.632 | long leg | $3.5M | $6.4M | 25x |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT IREN_USDT_Perp | +0.0022% | 8h | 47.485 | −0.310% | $5K | $186K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.439 | −0.405% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USD | +0.0045% | 1h | 47.550 | −0.172% | $1.2M | $2.1M | 10x | as long as short |
| Lighter RH IREN | +0.0048% | 1h | 47.637 | +0.010% | $68K | $108K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.560 | −0.151% | $749K | $154K | 20x | as long as short |
| Paragon para:IREN | +0.0138% | 1h | 47.553 | −0.167% | $639K | $147K | 10x | as long as short |
| Phoenix IREN | +0.0388% | 1h | 47.491 | −0.296% | $84 | $35K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.1000% | 1h | 47.540 | −0.193% | $3.2M | $1.9M | 10x | as long as short |
GRVT IREN_USDT_Perp
Extended IREN_24_5-USD
QFEX IREN-USD
Lighter RH IREN
KuCoin IRENUSDTM
Paragon para:IREN
Phoenix IREN
tradeXYZ xyz:IREN