IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0182%/8h= +19.9% APRnext payment +$1.82 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget−0.005%7-day average +0.092% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now −0.005%, 7d avg +0.092%

Together, before fees+0.476%+ Points / potential airdropVariational Omni: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.092%). If the spread goes back, that is −$10 on $10k: about 43 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.048% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IRENUSDT	46.751	−0.0182	get 0.0182% / 8h	7h 59m	$2.1M	$547K	20x
Short	Variational Omni IREN	46.749	0	get 0.0000% / 8h	7h 59m	$191K	$92K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.005%Rate

Funding earned: $38.22
Price spread: −0.005% → +0.092%: −$9.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.48
Costs to cover: 0.120%
Break-even: 4.0 days

Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: RFQ quote, 39 min ago. 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, 2 min ago	3.53 bp	21.1 bp −$21	57.9 bp −$579	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	5.25 bp	doesn't fit	55.0 bp −$550	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	−0.0182%	8h	46.751	long leg	$2.1M	$547K	20x
Vest IREN-USD-PERP	−0.0005%	1h	46.620	−0.280%	—	$15K	10x	as long as short
Paragon para:IREN	−0.0001%	1h	46.693	−0.125%	$601K	$177K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.863	+0.239%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.810	+0.126%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.820	+0.148%	$1.2M	$557K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.840	+0.190%	$625K	$656K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.770	+0.041%	$821K	$1.2M	25x	as long as short
Variational Omni IRENshort	0.0000%	8h	46.749	−0.005%	$191K	$92K	—
GRVT IREN_USDT_Perp	0.0000%	8h	46.773	+0.047%	$4K	$222K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IREN-USDT	0.0000%	8h	46.780	+0.062%	$989	$331K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.730	−0.045%	$9K	$878	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.705	−0.098%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.790	+0.083%	$1.2M	$1.5M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.750	−0.002%	$736K	$282K	20x	as long as short
Lighter RH IREN	+0.0224%	1h	46.902	+0.323%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.752	+0.002%	$82	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0414%	1h	46.718	−0.071%	$3.1M	$2.0M	10x	as long as short