Funding you earn now, next payment 16:00 UTC+0.0304%/8h= +33.3% APRnext payment +$3.04 per $10,000 · paid last 24h +0.002%
Price spread now: GRVT against Gate0.000%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.199% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now 0.000%, 7d avg +0.001%
=Together, before fees+0.091%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.04 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate IREN_USDT | 46.970 | 0 | get 0.0000% / 8h | 6h 20m | $810K | $1.4M | 25x |
| Short | GRVT IREN_USDT_Perp | 46.970 | 0.0304 | get 0.0304% / 8h | 6h 20m | $5K | $230K | 10x |
Gate IREN_USDT
GRVT IREN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Gate. 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
- $63.84
- Price spread: 0.000% → +0.001%
- −$0.15
- Slippage, 4 orders
- −$95.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$56.18
- Costs to cover
- 1.199%
- Break-even
- 13.2 days
Slippage from Gate: live order book, 4 min ago; GRVT: live order book, 29 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 Gate live order book, 4 min ago | 3.19 bp | 22.3 bp −$22 | 50.3 bp −$503 | 78.2 bp −$7,820 | doesn't fit |
| Sell GRVT live order book, 29 min ago | 4.26 bp | 34.7 bp −$35 | 67.7 bp −$677 | doesn't fit | doesn't fit |
IREN on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | −0.0007% | 1h | 46.900 | −0.149% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.948 | −0.048% | $24K | $9K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.980 | +0.021% | $1.2M | $565K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.000 | +0.064% | $627K | $662K | 25x | as long as short |
| Gate IREN_USDTlong | 0.0000% | 8h | 46.970 | long leg | $810K | $1.4M | 25x | |
| Bitget IRENUSDT | 0.0000% | 8h | 46.940 | −0.064% | $2.1M | $646K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.950 | −0.042% | $183K | $101K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.960 | −0.021% | $920 | $317K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 46.920 | −0.106% | $9K | $872 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.947 | −0.050% | $4K | $4K | 5x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USDShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH IREN | +0.0048% | 1h | 47.001 | +0.066% | $70K | $97K | 10x | as long as short |
| QFEX IREN-USD | +0.0051% | 1h | 46.970 | 0.000% | $1.2M | $1.5M | 10x | as long as short |
| Binance IRENUSDT | +0.0059% | 8h | 46.990 | +0.043% | $3.5M | $6.5M | 25x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.930 | −0.085% | $604K | $177K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.960 | −0.021% | $742K | $382K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0255% | 1h | 46.956 | −0.030% | $3.1M | $2.0M | 10x | as long as short |
| GRVT IREN_USDT_Perpshort | +0.0304% | 8h | 46.970 | 0.000% | $5K | $230K | 10x | |
| Phoenix IREN | +0.0307% | 1h | 46.974 | +0.009% | $82 | $31K | 10x | as long as short |
Lighter RH IREN
QFEX IREN-USD
Binance IRENUSDT
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN