IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.9% APRnext payment +$0.38 per $10,000 · paid last 24h +0.092%

Price spread now: Phoenix against Extended−0.030%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.055	0.0040	pay 0.0005% / 1h	51m 16s	$4K	$7K	5x
Short	Phoenix IREN	47.041	0.0340	get 0.0043% / 1h	51m 16s	$87	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.030%Rate

Funding earned: $63.06
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $48.08
Costs to cover: 0.120%
Break-even: 1.7 days

Slippage unknown: Extended: no order-book sample; Phoenix: no order-book sample. 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 Extended no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Extended and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 IRENUSDT	−0.0056%	8h	47.058	+0.006%	$2.1M	$501K	20x	as long as short
Aster IRENUSDT	0.0000%	8h	47.065	+0.021%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.090	+0.074%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.060	+0.011%	$1.2M	$545K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	+0.053%	$648K	$653K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.110	+0.117%	$722K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	47.102	+0.099%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.075	+0.043%	$4K	$206K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.060	+0.011%	$998	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.050	−0.011%	$9K	$833	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0003%	1h	46.990	−0.138%	—	$15K	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.055	long leg	$4K	$7K	5x
QFEX IREN-USD	+0.0043%	1h	47.110	+0.117%	$1.2M	$1.5M	10x	as long as short
Lighter RH IREN	+0.0056%	1h	47.133	+0.166%	$70K	$95K	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.057	+0.004%	$605K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.080	+0.053%	$740K	$237K	20x	as long as short
Phoenix IRENshort	+0.0340%	1h	47.041	−0.030%	$87	$31K	10x
tradeXYZ xyz:IREN	+0.0344%	1h	47.082	+0.057%	$3.2M	$2.0M	10x	as long as short