Funding you earn now, next payment 09:00 UTC+0.0222%/8h= +24.4% APRpaid last 24h +0.027%
Price spread now: QFEX against Bitget+0.112%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.112%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and QFEX is 0.082% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.018% in total (about -1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRENUSDT | 46.428 | −0.0154 | get 0.0154% / 8h | 7h 47m | $2.1M | $559K | 20x |
| Short | QFEX IREN-USD | 46.480 | 0.0068 | get 0.0009% / 1h | 47m 17s | $1.2M | $1.4M | 10x |
Bitget IRENUSDT
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $46.7
- Price spread: +0.112% → +0.030%
- $8.25
- Slippage, 4 orders
- −$83.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$50.26
- Costs to cover
- 1.052%
- Break-even
- 14.5 days
Slippage from Bitget: live order book, 5 min ago; QFEX: live order book, 4 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, 5 min ago | 5.80 bp | 43.0 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 4.30 bp | 9.8 bp −$10 | 20.3 bp −$203 | 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:IREN | −0.0473% | 1h | 46.387 | −0.088% | $597K | $177K | 10x | as long as short |
| Bitget IRENUSDTlong | −0.0154% | 8h | 46.428 | long leg | $2.1M | $559K | 20x | |
| Vest IREN-USD-PERP | −0.0009% | 1h | 46.330 | −0.211% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.478 | +0.107% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.480 | +0.112% | $3.5M | $6.3M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.440 | +0.026% | $1.2M | $567K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.500 | +0.155% | $621K | $654K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.450 | +0.047% | $814K | $1.3M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.562 | +0.289% | $184K | $99K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.458 | +0.065% | $4K | $223K | 10x | as long as short |
Paragon para:IREN
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IREN-USDT | 0.0000% | 8h | 46.470 | +0.090% | $1K | $327K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 46.450 | +0.047% | $9K | $876 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.361 | −0.143% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0068% | 1h | 46.480 | +0.112% | $1.2M | $1.4M | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.490 | +0.134% | $734K | $296K | 20x | as long as short |
| Lighter RH IREN | +0.0104% | 1h | 46.493 | +0.140% | $69K | $97K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0223% | 1h | 46.442 | +0.030% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0342% | 1h | 46.419 | −0.019% | $86 | $31K | 10x | as long as short |
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Lighter RH IREN
tradeXYZ xyz:IREN
Phoenix IREN