IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKIREN2USD-USDT	24.330	+0.0033	pay 0.0033% / 8h	1h 53m	$908K	$1.8M	—	Long BingX
SHORT	GRVTIREN_USDT_Perp	24.391	0	0.0000% / 8h	1h 53m	$4K	$152K	10x	Short GRVT

Price gap+0.252%48s

Funding gap−0.0033% /8h

The gap pays +$26 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 26 days. At the last 7 days' pace that is about 3.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$47−0.0033% /8h now · paid −0.468% over the last 7D

Price—spread +0.252%48s now · prices read too far apart to compare

Costs−$620.618% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.252%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IREN on 23 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Large against open interest10.6 / 10.7 bp
$10k is over 10% of GRVT’s open interest.
Note: Margin at max leverage— + $1,000
BingX —, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$0.99Long BingX: 3 payments, −$0.99; short GRVT: 3 payments, $0.00.
Watch: Prices read 48 s apart+0.252% vs −0.009%
Part of this gap may be the market moving.
Watch: Short leg is thinner$4K vs $908K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCBingX Yes · GRVT No
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0223%/8h × 21 periods−$46.84

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$42.81

Fee BingX bp × 2 orders−$10.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$108.65

price spread not counted: prices read too far apart

Costs to cover0.618%Break-evennever at this rate

Slippage: BingX: live order book, 18 min ago; GRVT: live order book, 53 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX2.0410.6 bp−$1117.4 bp−$17447.8 bp−$4,783550.7 bp−$275.4K

SELL · SHORTGRVT6.1910.7 bp−$11100.7 bp−$1,007doesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-12 07:11	Bitget	Other	$IREN is up 8% overnight, what’s your take on it today? @bitget on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗
09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector