Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IRENUSDT	47.240	0	get 0.0000% / 8h	3h 23m	$2.1M	$498K	20x
Short	HTX IREN-USDT	47.240	0	get 0.0000% / 8h	3h 23m	$9K	$824	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; HTX: no order-book sample. 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 Bitget live order book, 4 min ago	2.75 bp	32.6 bp −$33	61.5 bp −$615	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	47.294	+0.114%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.265	+0.053%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.240	0.000%	$1.2M	$540K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.230	−0.021%	$649K	$650K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.250	+0.021%	$717K	$1.2M	25x	as long as short
Bitget IRENUSDTlong	0.0000%	8h	47.240	long leg	$2.1M	$498K	20x
Variational Omni IREN	0.0000%	8h	47.306	+0.140%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.320	+0.169%	$5K	$202K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.270	+0.064%	$1K	$355K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.240	0.000%	$9K	$824	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.250	+0.021%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0013%	1h	47.170	−0.148%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.240	0.000%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0072%	1h	47.298	+0.123%	$68K	$96K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.250	+0.021%	$743K	$227K	20x	as long as short
Paragon para:IREN	+0.0112%	1h	47.253	+0.027%	$607K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0154%	1h	47.243	+0.006%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.287	+0.099%	$93	$31K	10x	as long as short