IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKIREN2USD-USDT	41.920	+0.0401	pay 0.0401% / 8h	3h 04m	$908K	$1.8M	—	Long BingX
SHORT	Paragonpara:IREN	41.830	+0.0148	get 0.0018% / 1h	4m 22s	$526K	$5K	10x	Short Paragon

Price gap−0.215%

Funding gap−0.0253% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.106% under its 7d average. Swap the legs.

If you open now and hold

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

Funding+$19−0.0253% /8h now · paid +0.194% over the last 7D

Price−$11spread −0.215% now, avg −0.109% → −0.106% if it goes back

Costs−$810.814% of $10k · taker + slippage, in and out

Result−$73−0.73%no pointsWhat the last 7D really paid, hour by hour → backtest

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−0.215%

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 21 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size12.1 / 28.7 bp
At $10k entering Paragon costs 28.7 bp, fee and slippage, 2.4× BingX’s.
Note: Margin at max leverage— + $1,000
BingX —, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$7.60Long BingX: 3 payments, −$12.03; short Paragon: 24 payments, +$4.43.
Watch: Gap narrower than usual−0.215% vs −0.109%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$526K vs $908K OI
Paragon sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Paragon 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+0.0092%/8h × 21 periods+$19.42

Price spread−0.215% → −0.109% (7d avg)−$10.61

Slippage, 4 orderslive order books−$69.58

Fee BingX bp × 2 orders−$10.00

Fee Paragon bp × 2 orders−$1.80

Net · 7 days · $10k−$72.57

Costs to cover0.814%Break-even33.2 days

Slippage: BingX: live order book, 15 min ago; Paragon: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX1.1912.1 bp−$1223.6 bp−$236171.3 bp−$17.1K710.4 bp−$355.2K

SELL · SHORTParagon27.6228.7 bp−$2997.7 bp−$977doesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector
09-28 08:57	BloFin	Listing	BloFin Futures will list the $IREN-USDT, $APP-USDT, $ADBE-USDT, $CRDO-USDT, and. $COST-USDT Perpetual Contracts 👀 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees Details: @BloFin_Official on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market IREN/USD ($IREN) seen by our collector
09-18 17:43	Avantis	Other	AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗
09-18 12:57	Paragon	Listing	Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗