Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aster against GRVT+0.211%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Aster

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—+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.211% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IREN_USDT_Perp	47.456	0	get 0.0000% / 8h	5h 34m	$5K	$182K	10x
Short	Aster IRENUSDT	47.556	0	get 0.0000% / 8h	5h 34m	$29K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → 0.000%: $21.1
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.1
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GRVT: live order book, 23 min ago; Aster: 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 GRVT live order book, 23 min ago	3.16 bp	46.6 bp −$47	95.3 bp −$953	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 IRENUSDTshort	0.0000%	8h	47.556	+0.211%	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.470	+0.029%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.440	−0.034%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.450	−0.013%	$647K	$621K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.460	+0.008%	$721K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.404	−0.110%	$2.0M	$431K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.471	+0.031%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perplong	0.0000%	8h	47.456	long leg	$5K	$182K	10x
SunX IREN-USDT	0.0000%	8h	47.460	+0.008%	$1K	$357K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.430	−0.055%	$9K	$778	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	+0.0006%	1h	47.380	−0.161%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.430	−0.055%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.490	+0.071%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.410	−0.097%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.411	−0.096%	$610K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.420	−0.076%	$746K	$201K	20x	as long as short
Phoenix IREN	+0.0355%	1h	47.455	−0.003%	$86	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0388%	1h	47.454	−0.005%	$3.2M	$1.9M	10x	as long as short