Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.081%
Price spread now: Paragon against Bitget+0.004%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.004%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paragon is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRENUSDT | 47.358 | 0 | get 0.0000% / 8h | 2h 06m | $2.0M | $538K | 20x |
| Short | Paragon para:IREN | 47.360 | −0.0055 | pay 0.0007% / 1h | 6m 05s | $622K | $126K | 10x |
Bitget IRENUSDT
Paragon para:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.48
- Price spread: +0.004% → +0.041%
- −$3.68
- Slippage, 4 orders
- −$71.29
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$108.45
- Costs to cover
- 0.933%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Paragon: live order book, 10 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, 1 min ago | 4.44 bp | 28.3 bp −$28 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 10 min ago | 14.90 bp | 19.9 bp −$20 | 32.4 bp −$324 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:IRENshort | −0.0055% | 1h | 47.360 | +0.004% | $622K | $126K | 10x | |
| Aster IRENUSDT | 0.0000% | 8h | 47.436 | +0.165% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.409 | +0.107% | $3.4M | $6.7M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.380 | +0.046% | $1.2M | $503K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | +0.089% | $662K | $692K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.390 | +0.068% | $742K | $1.6M | 25x | as long as short |
| Bitget IRENUSDTlong | 0.0000% | 8h | 47.358 | long leg | $2.0M | $538K | 20x | |
| Variational Omni IREN | 0.0000% | 8h | 47.419 | +0.129% | $187K | $68K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.410 | +0.110% | $4K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.410 | +0.110% | $494 | $390K | 10x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 47.280 | −0.165% | $9K | $682 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0002% | 1h | 47.310 | −0.101% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0018% | 1h | 47.370 | +0.025% | $1.2M | $2.1M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.438 | +0.169% | $67K | $114K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.355 | −0.006% | $4K | $8K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.390 | +0.068% | $751K | $144K | 20x | as long as short |
| Phoenix IREN | +0.0320% | 1h | 47.399 | +0.087% | $84 | $38K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0330% | 1h | 47.398 | +0.084% | $3.2M | $1.9M | 10x | as long as short |
HTX IREN-USDT
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Phoenix IREN
tradeXYZ xyz:IREN