IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTIREN_USDT_Perp	25.920	0	0.0000% / 8h	56m 28s	$4K	$158K	10x	Long GRVT
SHORT	MEXCIRENSTOCK_USDT	26.040	0	0.0000% / 8h	56m 28s	$2.5M	$900K	50x	Short MEXC

Price gap+0.463%78s

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$48 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$60.0000% /8h now · paid +0.060% over the last 7D

Price—spread +0.463%78s now · prices read too far apart to compare

Costs−$430.434% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.463%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IREN on 23 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Large against open interest10.5 / 8.9 bp
$10k is over 10% of GRVT’s open interest.
Note: Margin at max leverage$1,000 + $200
GRVT 10x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long GRVT: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
Watch: Prices read 78 s apart+0.463% vs −0.019%
Part of this gap may be the market moving.
Watch: Long leg is thinner$4K vs $2.5M OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCGRVT No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0029%/8h × 21 periods+$6.04

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$30.44

Fee GRVT bp × 2 orders−$9.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$37.40

price spread not counted: prices read too far apart

Costs to cover0.434%Break-even50.3 days

Slippage: GRVT: live order book, 45 min ago; MEXC: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT6.0310.5 bp−$1129.5 bp−$295doesn’t fitdoesn’t fit

SELL · SHORTMEXC3.878.9 bp−$911.9 bp−$11945.5 bp−$4,547206.5 bp−$103.3K

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-12 07:11	Bitget	Other	$IREN is up 8% overnight, what’s your take on it today? @bitget on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗
09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector