Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.110%
Price spread now: Lighter RH against Gate+0.135%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.135%, 7d avg +0.079%
=Together, before fees−0.350%+ Points / potential airdropLighter RH: Points live · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.056% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate IREN_USDT | 47.380 | 0 | get 0.0000% / 8h | 2h 00m | $742K | $1.6M | 25x |
| Short | Lighter RH IREN | 47.444 | 0.0032 | get 0.0004% / 1h | 0m 36s | $67K | $114K | 10x |
Gate IREN_USDT
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.135% → +0.079%
- $5.58
- Slippage, 4 orders
- −$34.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$37.66
- Costs to cover
- 0.500%
- Break-even
- 46.2 days
Slippage from Gate: live order book, 2 min ago; Lighter RH: live order book, 21 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, 2 min ago | 3.16 bp | 12.0 bp −$12 | 43.5 bp −$435 | 70.6 bp −$7,061 | doesn't fit |
| Sell Lighter RH live order book, 21 min ago | 0.32 bp | 0.9 bp −$1 | 63.8 bp −$638 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:IREN | −0.0081% | 1h | 47.365 | −0.032% | $622K | $126K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.390 | +0.021% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.390 | +0.021% | $3.4M | $6.7M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.370 | −0.021% | $1.2M | $503K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | +0.042% | $662K | $692K | 25x | as long as short |
| Gate IREN_USDTlong | 0.0000% | 8h | 47.380 | long leg | $742K | $1.6M | 25x | |
| Bitget IRENUSDT | 0.0000% | 8h | 47.358 | −0.046% | $2.0M | $538K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.407 | +0.057% | $187K | $68K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.410 | +0.063% | $4K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.390 | +0.021% | $494 | $390K | 10x | as long as short |
Paragon para:IREN
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 47.360 | −0.042% | $9K | $684 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.310 | −0.148% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0018% | 1h | 47.380 | 0.000% | $1.2M | $2.1M | 10x | as long as short |
| Lighter RH IRENshort | +0.0032% | 1h | 47.444 | +0.135% | $67K | $114K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.355 | −0.053% | $4K | $8K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.390 | +0.021% | $751K | $144K | 20x | as long as short |
| Phoenix IREN | +0.0320% | 1h | 47.428 | +0.101% | $87 | $38K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0321% | 1h | 47.399 | +0.040% | $3.2M | $1.9M | 10x | as long as short |
HTX IREN-USDT
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Phoenix IREN
tradeXYZ xyz:IREN