Funding you earn now, next payment 01:00 UTC+0.0503%/8h= +55.0% APRpaid last 24h +0.078%
Price spread now: tradeXYZ against Bybit−0.040%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$870.870% of the position
Funding, last 7 days+0.265%+$27 on $10k
+Price spread, last 7 days+0.111%+$11 · spread now −0.040%, 7d avg −0.007%
=Together, before fees+0.376%+ Points / potential airdroptradeXYZ: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.265% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.265% in total (about 13.8% 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 | Bybit IRENUSDT | 47.590 | 0 | get 0.0000% / 8h | 7h 23m | $1.2M | $469K | 25x |
| Short | tradeXYZ xyz:IREN | 47.571 | 0.0503 | get 0.0063% / 1h | 23m 35s | $3.2M | $1.9M | 10x |
Bybit IRENUSDT
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bybit. 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
- $105.53
- Price spread: −0.040% → −0.007%
- −$3.28
- Slippage, 4 orders
- −$58.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $15.22
- Costs to cover
- 0.870%
- Break-even
- 6.0 days
Slippage from Bybit: live order book, 2 min ago; tradeXYZ: 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 Bybit live order book, 2 min ago | 2.10 bp | 26.0 bp −$26 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 2.31 bp | 13.7 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.695 | +0.221% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDTlong | 0.0000% | 8h | 47.590 | long leg | $1.2M | $469K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.610 | +0.042% | $659K | $637K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.590 | 0.000% | $746K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.587 | −0.006% | $2.0M | $435K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.697 | +0.225% | $209K | $86K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.610 | +0.042% | $950 | $362K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.580 | −0.021% | $9K | $737 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.550 | −0.084% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.630 | +0.084% | $68K | $108K | 10x | as long as short |
Aster IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Lighter RH IRENShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.555 | −0.074% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USD | +0.0045% | 1h | 47.580 | −0.021% | $1.2M | $2.0M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.569 | −0.045% | $639K | $146K | 10x | as long as short |
| Binance IRENUSDT | +0.0061% | 8h | 47.593 | +0.006% | $3.5M | $6.2M | 25x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.640 | +0.105% | $749K | $163K | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0319% | 8h | 47.720 | +0.273% | $5K | $182K | 10x | as long as short |
| Phoenix IREN | +0.0337% | 1h | 47.690 | +0.210% | $87 | $35K | 10x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0503% | 1h | 47.571 | −0.040% | $3.2M | $1.9M | 10x |
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Binance IRENUSDT
KuCoin IRENUSDTM
GRVT IREN_USDT_Perp
Phoenix IREN