IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKIREN2USD-USDT	41.000	+0.0199	pay 0.0199% / 8h	6h 00m	$908K	$1.8M	—	Long BingX
SHORT	Variational OmniIREN	41.037	0	0.0000% / 8h	6h 00m	$225K	$90K	20x	Short Variational Omni+15% pts

Price gap+0.090%

Funding gap−0.0199% /8h

The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 2.1 days. At the last 7 days' pace that is about 8.0 days.

If you open now and hold

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

Funding−$11−0.0199% /8h now · paid −0.110% over the last 7D

Price+$13spread +0.090% now, avg −0.036% → +0.126% if it goes back

Costs−$900.895% of $10k · taker + slippage, in and out

Result−$88−0.88%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.110% in total, about −0.0052%/8h on average.

Price and funding

1h · history

Entry / ExitBingX: thin, under $1M open interest · Variational Omni: thin, under $1M open interest

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+0.090%

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

3 ok · 3 to watch

Watch: Thin at this size12.3 / 30.9 bp
At $10k entering Variational Omni costs 30.9 bp, fee and slippage, 2.5× BingX’s.
Note: Margin at max leverage— + $500
BingX —, Variational Omni 20x. 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: −$5.97Long BingX: 3 payments, −$5.97; short Variational Omni: 3 payments, $0.00.
OK: Entry gap works for you+0.090% vs −0.036%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$225K vs $908K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCBingX Yes · Variational Omni 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−0.0052%/8h × 21 periods−$11.01

Price spread+0.090% → −0.036% (7d avg)+$12.56

Slippage, 4 orderslive order books−$79.51

Fee BingX bp × 2 orders−$10.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$87.96

Costs to cover0.895%Break-evennever at this rate

Slippage: BingX: live order book, 17 min ago; Variational Omni: RFQ quote, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX1.2112.3 bp−$1228.4 bp−$28499.2 bp−$9,915632.5 bp−$316.3K

SELL · SHORTVariational Omni3.7630.9 bp−$3156.3 bp−$563doesn’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 ↗