IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.033%

Price spread now: KuCoin against Gate−0.021%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1321.324% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.021%, 7d avg +0.002%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.002%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IREN_USDT	47.600	0	get 0.0000% / 8h	4h 14m	$726K	$1.2M	25x
Short	KuCoin IRENUSDTM	47.590	0.0100	get 0.0100% / 8h	4h 14m	$748K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → +0.002%: −$2.25
Slippage, 4 orders: −$105.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.66
Costs to cover: 1.324%
Break-even: 44.9 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 5 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, 3 min ago	1.05 bp	19.2 bp −$19	49.0 bp −$490	76.6 bp −$7,661	doesn't fit
Sell KuCoin live order book, 5 min ago	4.20 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

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	47.621	+0.043%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.597	−0.006%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.570	−0.063%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.670	+0.147%	$649K	$620K	25x	as long as short
Gate IREN_USDTlong	0.0000%	8h	47.600	long leg	$726K	$1.2M	25x
Bitget IRENUSDT	0.0000%	8h	47.559	−0.086%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.612	+0.025%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.614	+0.030%	$4K	$192K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.620	+0.042%	$833	$357K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.560	−0.084%	$9K	$804	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0018%	1h	47.540	−0.126%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.611	+0.023%	$69K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.585	−0.032%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0044%	1h	47.600	0.000%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.560	−0.084%	$611K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0083%	1h	47.603	+0.006%	$3.2M	$1.9M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.590	−0.021%	$748K	$219K	20x
Phoenix IREN	+0.0421%	1h	47.609	+0.019%	$90	$31K	10x	as long as short