IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bitget+0.071%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1481.477% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.071%, 7d avg +0.094%

Together, before fees+0.265%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread +0.071% now, against its 7-day average of +0.094%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IRENUSDT	47.576	0	get 0.0000% / 8h	4h 17m	$2.0M	$417K	20x
Short	KuCoin IRENUSDTM	47.610	0.0100	get 0.0100% / 8h	4h 17m	$748K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.071%Rate

Funding earned: $21
Price spread: +0.071% → +0.094%: −$2.26
Slippage, 4 orders: −$123.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$128.93
Costs to cover: 1.477%
Break-even: 50.0 days

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 1 min ago.

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	2.94 bp	28.2 bp −$28	39.2 bp −$392	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.20 bp	31.7 bp −$32	doesn't fit	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	47.611	+0.073%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.599	+0.048%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.580	+0.008%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.670	+0.198%	$649K	$623K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.620	+0.092%	$727K	$1.2M	25x	as long as short
Bitget IRENUSDTlong	0.0000%	8h	47.576	long leg	$2.0M	$417K	20x
Variational Omni IREN	0.0000%	8h	47.636	+0.127%	$213K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.640	+0.135%	$4K	$192K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.600	+0.050%	$775	$357K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.560	−0.034%	$9K	$805	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0017%	1h	47.550	−0.055%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.620	+0.092%	$69K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.600	+0.050%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0044%	1h	47.590	+0.029%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.587	+0.024%	$612K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0082%	1h	47.601	+0.053%	$3.2M	$1.9M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.610	+0.071%	$748K	$219K	20x
Phoenix IREN	+0.0421%	1h	47.642	+0.139%	$83	$31K	10x	as long as short