IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.93 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against GRVT+0.016%68s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1731.728% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.016%, 7d avg −0.015%

Together, before fees+0.169%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.030% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT IREN_USDT_Perp	47.452	0.0007	pay 0.0007% / 8h	44m 10s	$4K	$191K	10x
Short	KuCoin IRENUSDTM	47.460	0.0100	get 0.0100% / 8h	44m 10s	$746K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $19.53
Price spread: +0.016% → −0.015%: $3.04
Slippage, 4 orders: −$151.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$150.22
Costs to cover: 1.728%
Break-even: 60.8 days

Slippage from GRVT: live order book, 33 min ago; KuCoin: live order book, 20 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 GRVT live order book, 33 min ago	3.16 bp	20.6 bp −$21	111.8 bp −$1,118	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	5.27 bp	45.6 bp −$46	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
Vest IREN-USD-PERP	−0.0001%	1h	47.360	−0.195%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	47.433	−0.041%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.460	+0.016%	$3.5M	$6.6M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.430	−0.047%	$1.2M	$497K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.450	−0.005%	$662K	$682K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.450	−0.005%	$737K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.411	−0.087%	$2.0M	$524K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.454	+0.003%	$207K	$88K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.450	−0.005%	$1K	$388K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.410	−0.090%	$9K	$709	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT IREN_USDT_Perplong	+0.0007%	8h	47.452	long leg	$4K	$191K	10x
QFEX IREN-USD	+0.0032%	1h	47.450	−0.005%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.400	−0.111%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.410	−0.090%	$637K	$147K	10x	as long as short
Lighter RH IREN	+0.0072%	1h	47.474	+0.045%	$68K	$111K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.460	+0.016%	$746K	$155K	20x
tradeXYZ xyz:IREN	+0.0352%	1h	47.437	−0.033%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.477	+0.052%	$85	$38K	10x	as long as short