Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit+0.021%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1831.831% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.155%−$15 on $10k
Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.021%, 7d avg +0.013%
Together, before fees−0.165%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IRENUSDT47.4300get 0.0000% / 8h5h 54m$1.2M$531K25x
ShortSunX IREN-USDT47.4400get 0.0000% / 8h5h 54m$1K$358K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: +0.021% → +0.013%
$0.78
Slippage, 4 orders
−$164.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$182.34
Costs to cover
1.831%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago2.11 bp15.0 bp −$15104.4 bp −$1,044doesn't fitdoesn't fit
Sell SunX live order book, 47 min ago48.62 bp71.6 bp −$72doesn't fitdoesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.523+0.197%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.440+0.021%$3.4M$6.2M25xas long as short
Bybit IRENUSDTlong0.0000%8h47.430long leg$1.2M$531K25x
OKX IREN-USDT-SWAP0.0000%8h47.390−0.084%$646K$626K25xas long as short
Gate IREN_USDT0.0000%8h47.4300.000%$720K$1.2M25xas long as short
Bitget IRENUSDT0.0000%8h47.385−0.095%$2.0M$430K20xas long as short
Variational Omni IREN0.0000%8h47.427−0.006%$210K$85Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.412−0.037%$5K$180K10xas long as short
SunX IREN-USDTshort0.0000%8h47.440+0.021%$1K$358K10x
HTX IREN-USDT0.0000%8h47.410−0.042%$9K$76920xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0004%1h47.330−0.211%$15K10xas long as short
QFEX IREN-USD+0.0026%1h47.420−0.021%$1.2M$1.8M10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.360−0.148%$4K$7K5xas long as short
Paragon para:IREN+0.0060%1h47.377−0.111%$609K$182K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.390−0.084%$744K$194K20xas long as short
Lighter RH IREN+0.0104%1h47.454+0.051%$69K$96K10xas long as short
Phoenix IREN+0.0353%1h47.446+0.034%$83$31K10xas long as short
tradeXYZ xyz:IREN+0.0521%1h47.424−0.013%$3.2M$1.9M10xas long as short