Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.083%
Price spread now: Lighter RH against GRVT−0.039%79s7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$590.586% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.039%, 7d avg +0.078%
=Together, before fees+0.037%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.117% cheaper against GRVT than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.078%). If the spread goes back, that is −$12 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 79 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 | 47.449 | 0.0008 | pay 0.0008% / 8h | 18m 12s | $4K | $189K | 10x |
| Short | Lighter RH IREN | 47.431 | 0.0032 | get 0.0004% / 1h | 18m 12s | $68K | $111K | 10x |
GRVT IREN_USDT_Perp
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against GRVT. 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
- $5.04
- Price spread: −0.039% → +0.078%
- −$11.7
- Slippage, 4 orders
- −$49.62
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$65.27
- Costs to cover
- 0.586%
- Break-even
- 97.7 days
Slippage from GRVT: live order book, 59 min ago; Lighter RH: live order book, 59 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, 59 min ago | 3.16 bp | 20.6 bp −$21 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 59 min ago | 3.79 bp | 6.4 bp −$6 | 65.8 bp −$658 | 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 | 47.427 | −0.048% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.450 | +0.001% | $3.5M | $6.5M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.420 | −0.062% | $1.2M | $485K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.440 | −0.020% | $662K | $667K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.420 | −0.062% | $737K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.400 | −0.104% | $2.0M | $497K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.444 | −0.012% | $208K | $88K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | +0.022% | $740 | $386K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.420 | −0.062% | $9K | $717 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0004% | 1h | 47.350 | −0.210% | — | $15K | 10x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT IREN_USDT_Perplong | +0.0008% | 8h | 47.449 | long leg | $4K | $189K | 10x | |
| Lighter RH IRENshort | +0.0032% | 1h | 47.431 | −0.039% | $68K | $111K | 10x | |
| QFEX IREN-USD | +0.0032% | 1h | 47.440 | −0.020% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.370 | −0.167% | $4K | $8K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.388 | −0.129% | $637K | $147K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.430 | −0.041% | $746K | $154K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0237% | 1h | 47.418 | −0.066% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0388% | 1h | 47.467 | +0.037% | $84 | $38K | 10x | as long as short |
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN