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 −0.063%
Price spread now: Bybit against Gate0.000%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$880.882% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days−0.012%−$1 · spread now 0.000%, 7d avg −0.013%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IREN_USDT47.4100get 0.0000% / 8h5h 38m$720K$1.2M25x
ShortBybit IRENUSDT47.4100get 0.0000% / 8h5h 38m$1.2M$541K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: 0.000% → −0.013%
$1.3
Slippage, 4 orders
−$62.21
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$86.91
Costs to cover
0.882%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 3 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 Gate live order book, 4 min ago3.16 bp15.3 bp −$1547.3 bp −$47374.9 bp −$7,493doesn't fit
Sell Bybit live order book, 3 min ago1.05 bp22.1 bp −$22109.9 bp −$1,099doesn'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%8h47.524+0.240%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.420+0.021%$3.4M$6.1M25xas long as short
Bybit IRENUSDTshort0.0000%8h47.4100.000%$1.2M$541K25x
OKX IREN-USDT-SWAP0.0000%8h47.390−0.042%$646K$621K25xas long as short
Gate IREN_USDTlong0.0000%8h47.410long leg$720K$1.2M25x
Bitget IRENUSDT0.0000%8h47.404−0.013%$2.0M$431K20xas long as short
Variational Omni IREN0.0000%8h47.401−0.019%$210K$85Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.401−0.019%$4K$181K10xas long as short
SunX IREN-USDT0.0000%8h47.430+0.042%$1K$357K10xas long as short
HTX IREN-USDT0.0000%8h47.390−0.042%$9K$77620xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0006%1h47.330−0.169%$15K10xas long as short
QFEX IREN-USD+0.0026%1h47.420+0.021%$1.2M$1.8M10xas long as short
Lighter RH IREN+0.0032%1h47.449+0.082%$69K$96K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.370−0.084%$4K$7K5xas long as short
Paragon para:IREN+0.0060%1h47.367−0.091%$609K$182K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.400−0.021%$746K$200K20xas long as short
Phoenix IREN+0.0355%1h47.422+0.025%$84$31K10xas long as short
tradeXYZ xyz:IREN+0.0387%1h47.420+0.021%$3.2M$1.9M10xas long as short