Funding you earn now, next payment 06:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.083%
Price spread now: tradeXYZ against Bitget−0.196%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$860.857% of the position
Funding, last 7 days+0.315%+$31 on $10k
+Price spread, last 7 days+0.323%+$32 · spread now −0.196%, 7d avg +0.060%
=Together, before fees+0.638%+ Points / potential airdroptradeXYZ: Active · farm board+$64 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.255% cheaper against Bitget than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.060%). If the spread goes back, that is −$26 on $10k: about 2.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.315% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRENUSDT | 47.058 | −0.0074 | get 0.0074% / 8h | 2h 46m | $2.1M | $500K | 20x |
| Short | tradeXYZ xyz:IREN | 46.966 | 0.0315 | get 0.0039% / 1h | 46m 48s | $3.1M | $2.0M | 10x |
Bitget IRENUSDT
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $81.75
- Price spread: −0.196% → +0.060%
- −$25.53
- Slippage, 4 orders
- −$55.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$29.53
- Costs to cover
- 0.857%
- Break-even
- 9.5 days
Slippage from Bitget: live order book, 5 min ago; tradeXYZ: 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, 5 min ago | 2.55 bp | 17.4 bp −$17 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 1 min ago | 1.70 bp | 15.3 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDTlong | −0.0074% | 8h | 47.058 | long leg | $2.1M | $500K | 20x | |
| Aster IRENUSDT | 0.0000% | 8h | 46.959 | −0.210% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.000 | −0.123% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.970 | −0.187% | $1.2M | $545K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.080 | +0.047% | $648K | $652K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.020 | −0.081% | $722K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.092 | +0.072% | $192K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.097 | +0.082% | $4K | $206K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.020 | −0.081% | $857 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.010 | −0.102% | $9K | $835 | 20x | 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-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0002% | 1h | 46.900 | −0.336% | — | $15K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.955 | −0.219% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 47.000 | −0.123% | $1.2M | $1.5M | 10x | as long as short |
| Lighter RH IREN | +0.0048% | 1h | 47.016 | −0.089% | $70K | $95K | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.975 | −0.176% | $604K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.000 | −0.123% | $738K | $238K | 20x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0315% | 1h | 46.966 | −0.196% | $3.1M | $2.0M | 10x | |
| Phoenix IREN | +0.0340% | 1h | 47.060 | +0.004% | $82 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
Extended IREN_24_5-USD
QFEX IREN-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN