Funding arb · Price arb /

IREN

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Swap Backtest

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 −0.063%

Price spread now: Aster against Gate+0.017%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IREN_USDT	46.720	0	get 0.0000% / 8h	2h 22m	$715K	$1.2M	25x
Short	Aster IRENUSDT	46.728	0	get 0.0000% / 8h	2h 22m	$29K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → 0.000%: $1.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.26
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Aster: 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 Gate live order book, 4 min ago	3.22 bp	19.4 bp −$19	50.2 bp −$502	76.2 bp −$7,619	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0415%	8h	46.715	−0.011%	$2.1M	$518K	20x	as long as short
Vest IREN-USD-PERP	−0.0006%	1h	46.590	−0.278%	—	$15K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	46.728	+0.017%	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	46.718	−0.004%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.710	−0.021%	$1.2M	$549K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.690	−0.064%	$622K	$687K	25x	as long as short
Gate IREN_USDTlong	0.0000%	8h	46.720	long leg	$715K	$1.2M	25x
Variational Omni IREN	0.0000%	8h	46.652	−0.145%	$190K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.710	−0.021%	$5K	$210K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.670	−0.107%	$1K	$345K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.710	−0.021%	$9K	$844	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.665	−0.118%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.710	−0.021%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.654	−0.142%	$600K	$182K	10x	as long as short
Lighter RH IREN	+0.0080%	1h	46.717	−0.006%	$70K	$98K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.690	−0.064%	$734K	$248K	20x	as long as short
tradeXYZ xyz:IREN	+0.0227%	1h	46.688	−0.068%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	46.731	+0.024%	$87	$31K	10x	as long as short