IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.063%

Price spread now: SunX against Gate+0.063%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2252.248% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.063%, 7d avg −0.015%

Together, before fees−0.255%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.078% dearer against Gate than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.015%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.166% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IREN_USDT	47.600	0.0012	pay 0.0012% / 8h	7h 36m	$747K	$1.2M	25x
Short	SunX IREN-USDT	47.630	0	get 0.0000% / 8h	7h 36m	$910	$364K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$2.52
Price spread: +0.063% → −0.015%: $7.84
Slippage, 4 orders: −$201.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$219.44
Costs to cover: 2.248%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; SunX: live order book, 15 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, 1 min ago	7.35 bp	36.8 bp −$37	53.9 bp −$539	77.4 bp −$7,742	doesn't fit
Sell SunX live order book, 15 min ago	49.25 bp	67.9 bp −$68	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	47.761	+0.339%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.590	−0.021%	$1.2M	$471K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.610	+0.021%	$658K	$639K	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.569	−0.065%	$2.0M	$439K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.613	+0.027%	$209K	$86K	—	as long as short
SunX IREN-USDTshort	0.0000%	8h	47.630	+0.063%	$910	$364K	10x
HTX IREN-USDT	0.0000%	8h	47.570	−0.063%	$9K	$734	20x	as long as short
Vest IREN-USD-PERP	+0.0002%	1h	47.510	−0.189%	—	$15K	10x	as long as short
Gate IREN_USDTlong	+0.0012%	8h	47.600	long leg	$747K	$1.2M	25x
Extended IREN_24_5-USD	+0.0040%	1h	47.545	−0.116%	$4K	$8K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0045%	1h	47.590	−0.021%	$1.2M	$2.0M	10x	as long as short
Binance IRENUSDT	+0.0059%	8h	47.610	+0.021%	$3.5M	$6.3M	25x	as long as short
Paragon para:IREN	+0.0060%	1h	47.565	−0.074%	$639K	$146K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.620	+0.042%	$750K	$158K	20x	as long as short
Lighter RH IREN	+0.0104%	1h	47.648	+0.101%	$68K	$108K	10x	as long as short
Phoenix IREN	+0.0337%	1h	47.639	+0.082%	$90	$35K	10x	as long as short
GRVT IREN_USDT_Perp	+0.0484%	8h	47.614	+0.030%	$4K	$184K	10x	as long as short
tradeXYZ xyz:IREN	+0.0655%	1h	47.629	+0.061%	$3.2M	$1.9M	10x	as long as short