IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: QFEX against Extended+0.084%7-day average — · you sell dearer than you buy

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

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.084% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.650	0.0040	pay 0.0005% / 1h	52m 54s	$4K	$8K	5x
Short	QFEX IREN-USD	47.690	0.0045	get 0.0006% / 1h	52m 54s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $1.13
Price spread: +0.084% → 0.000%: $8.39
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.48
Costs to cover: 0.150%
Break-even: 41.1 days

Slippage unknown: Extended: no order-book sample; QFEX: live order book, 9 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 Extended no order-book sample	—	—	—	—	—
Sell QFEX live order book, 9 min ago	2.11 bp	7.1 bp −$7	13.4 bp −$134	doesn't fit	doesn't fit

Extended: 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
Aster IRENUSDT	0.0000%	8h	47.697	+0.100%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.670	+0.042%	$1.2M	$473K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.670	+0.042%	$663K	$641K	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.643	−0.015%	$2.0M	$442K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.639	−0.024%	$208K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.590	−0.126%	$5K	$186K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.640	−0.021%	$878	$370K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.620	−0.063%	$9K	$724	20x	as long as short
Vest IREN-USD-PERP	+0.0001%	1h	47.600	−0.105%	—	$15K	10x	as long as short
Binance IRENUSDT	+0.0014%	8h	47.690	+0.084%	$3.5M	$6.3M	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH IREN	+0.0032%	1h	47.724	+0.155%	$68K	$108K	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.650	long leg	$4K	$8K	5x
QFEX IREN-USDshort	+0.0045%	1h	47.690	+0.084%	$1.2M	$2.1M	10x
Paragon para:IREN	+0.0060%	1h	47.620	−0.063%	$640K	$147K	10x	as long as short
Gate IREN_USDT	+0.0085%	8h	47.690	+0.084%	$747K	$1.2M	25x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.650	0.000%	$750K	$157K	20x	as long as short
Phoenix IREN	+0.0337%	1h	47.689	+0.082%	$83	$35K	10x	as long as short
tradeXYZ xyz:IREN	+0.1074%	1h	47.648	−0.004%	$3.2M	$1.9M	10x	as long as short