Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.021%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$980.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.125%−$12 on $10k
Price spread, last 4 days (all we have)−0.480%−$48 · spread now −0.021%, 7d avg −0.010%
Together, before fees−0.605%−$60 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IREN_USDT47.0000get 0.0000% / 8h6h 58m$811K$1.4M25x
ShortOKX IREN-USDT-SWAP46.9900get 0.0000% / 8h6h 58m$630K$671K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.021% → −0.010%
−$1.1
Slippage, 4 orders
−$73.15
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$99.26
Costs to cover
0.982%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 33 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 ago5.32 bp23.3 bp −$2354.1 bp −$54179.3 bp −$7,930doesn't fit
Sell OKX live order book, 33 min ago4.34 bp35.7 bp −$36doesn't fitdoesn'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
Bitget IRENUSDT−0.0034%8h46.959−0.087%$2.1M$640K20xas long as short
Vest IREN-USD-PERP−0.0025%1h46.910−0.191%$15K10xas long as short
Aster IRENUSDT0.0000%8h46.930−0.149%$24K$9K20xas long as short
Bybit IRENUSDT0.0000%8h46.990−0.021%$1.2M$571K25xas long as short
OKX IREN-USDT-SWAPshort0.0000%8h46.990−0.021%$630K$671K25x
Gate IREN_USDTlong0.0000%8h47.000long leg$811K$1.4M25x
Variational Omni IREN0.0000%8h46.976−0.050%$183K$101Kas long as short
SunX IREN-USDT0.0000%8h46.990−0.021%$973$322K10xas long as short
HTX IREN-USDT0.0000%8h47.030+0.064%$9K$87020xas long as short
Binance IRENUSDT+0.0027%8h47.010+0.021%$3.5M$6.4M25xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH IREN+0.0032%1h47.054+0.115%$71K$96K10xas long as short
Extended IREN_24_5-USD+0.0040%1h46.940−0.128%$4K$4K5xas long as short
QFEX IREN-USD+0.0051%1h47.010+0.021%$1.2M$1.5M10xas long as short
Paragon para:IREN+0.0060%1h46.935−0.138%$604K$177K10xas long as short
KuCoin IRENUSDTM+0.0100%8h46.990−0.021%$744K$345K20xas long as short
tradeXYZ xyz:IREN+0.0231%1h46.983−0.036%$3.1M$2.0M10xas long as short
Phoenix IREN+0.0342%1h47.0000.000%$83$31K10xas long as short
GRVT IREN_USDT_Perp+0.0513%8h47.0000.000%$5K$226K10xas long as short