Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.149%

Price spread now: HTX against Gate0.000%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 HTX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IREN_USDT	47.420	0	get 0.0000% / 8h	19m 52s	$736K	$1.5M	25x
Short	HTX IREN-USDT	47.420	0	get 0.0000% / 8h	19m 52s	$9K	$717	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; HTX: 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, 2 min ago	3.16 bp	14.0 bp −$14	43.0 bp −$430	69.1 bp −$6,907	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	47.421	+0.001%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.453	+0.069%	$3.5M	$6.5M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.420	0.000%	$1.2M	$485K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.440	+0.042%	$662K	$667K	25x	as long as short
Gate IREN_USDTlong	0.0000%	8h	47.420	long leg	$736K	$1.5M	25x
Bitget IRENUSDT	0.0000%	8h	47.400	−0.042%	$2.0M	$497K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.444	+0.050%	$208K	$88K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.460	+0.084%	$867	$385K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.420	0.000%	$9K	$717	20x
Vest IREN-USD-PERP	+0.0005%	1h	47.340	−0.169%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT IREN_USDT_Perp	+0.0008%	8h	47.449	+0.062%	$4K	$189K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.422	+0.004%	$68K	$111K	10x	as long as short
QFEX IREN-USD	+0.0032%	1h	47.440	+0.042%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.376	−0.093%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.427	+0.015%	$637K	$147K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.430	+0.021%	$745K	$154K	20x	as long as short
tradeXYZ xyz:IREN	+0.0227%	1h	47.379	−0.086%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.467	+0.099%	$90	$38K	10x	as long as short