IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Bybit+0.043%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$760.759% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.043%, 7d avg +0.038%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IRENUSDT	46.960	0	get 0.0000% / 8h	7h 02m	$1.2M	$570K	25x
Short	Binance IRENUSDT	46.980	0.0015	get 0.0015% / 8h	7h 02m	$3.5M	$6.4M	25x

Funding history

latest

Range statsloading…

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	3.19 bp	19.9 bp −$20	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.13 bp	14.8 bp −$15	66.3 bp −$663	211.0 bp −$21.1K	doesn't fit

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 IRENUSDT	−0.0044%	8h	46.935	−0.053%	$2.1M	$640K	20x	as long as short
Vest IREN-USD-PERP	−0.0024%	1h	46.880	−0.170%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.915	−0.097%	$24K	$9K	20x	as long as short
Bybit IRENUSDTlong	0.0000%	8h	46.960	long leg	$1.2M	$570K	25x
OKX IREN-USDT-SWAP	0.0000%	8h	47.020	+0.128%	$630K	$671K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.960	0.000%	$810K	$1.5M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.972	+0.026%	$183K	$101K	—	as long as short
SunX IREN-USDT	0.0000%	8h	46.970	+0.021%	$972	$323K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.980	+0.043%	$9K	$869	20x	as long as short
Binance IRENUSDTshort	+0.0015%	8h	46.980	+0.043%	$3.5M	$6.4M	25x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH IREN	+0.0032%	1h	47.001	+0.087%	$70K	$99K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.914	−0.098%	$4K	$4K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.925	−0.074%	$604K	$177K	10x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.970	+0.021%	$1.2M	$1.5M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.950	−0.021%	$743K	$340K	20x	as long as short
tradeXYZ xyz:IREN	+0.0103%	1h	46.955	−0.011%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.963	+0.006%	$85	$31K	10x	as long as short
GRVT IREN_USDT_Perp	+0.0480%	8h	47.018	+0.122%	$4K	$225K	10x	as long as short