Funding you earn now, next payment 11:00 UTC−0.0333%/8h= −36.4% APRpaid last 24h +0.008%
Price spread now: QFEX against GRVT+0.063%57s7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.911% of the position
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.063%, 7d avg −0.054%
=Together, before fees−0.319%+ Points / potential airdropGRVT: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.117% dearer against GRVT than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.054%): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 4 days (−0.100% in total) that is about 4.5 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.100% in total (about -9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT IREN_USDT_Perp | 47.350 | 0.0382 | pay 0.0382% / 8h | 5h 54m | $5K | $234K | 10x |
| Short | QFEX IREN-USD | 47.380 | 0.0049 | get 0.0006% / 1h | 54m 27s | $1.2M | $1.5M | 10x |
GRVT IREN_USDT_Perp
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$69.89
- Price spread: +0.063% → −0.054%
- $11.7
- Slippage, 4 orders
- −$72.06
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$149.25
- Costs to cover
- 0.911%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 55 min ago; QFEX: live order book, 5 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, 55 min ago | 4.26 bp | 40.6 bp −$41 | 76.4 bp −$764 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.11 bp | 7.6 bp −$8 | 19.7 bp −$197 | doesn't fit | doesn't fit |
IREN on 18 exchanges
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 | 47.320 | −0.064% | $24K | $9K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.390 | +0.084% | $1.2M | $564K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | +0.106% | $634K | $666K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.380 | +0.063% | $815K | $1.4M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.359 | +0.019% | $2.1M | $647K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.343 | −0.015% | $184K | $101K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.370 | +0.042% | $1K | $311K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.290 | −0.127% | $9K | $874 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.340 | −0.021% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.398 | +0.101% | $71K | $96K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Lighter RH IRENShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.365 | +0.032% | $4K | $4K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0049% | 1h | 47.380 | +0.063% | $1.2M | $1.5M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.355 | +0.011% | $609K | $177K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.340 | −0.021% | $748K | $407K | 20x | as long as short |
| Binance IRENUSDT | +0.0126% | 8h | 47.410 | +0.127% | $3.5M | $6.4M | 25x | as long as short |
| tradeXYZ xyz:IREN | +0.0129% | 1h | 47.389 | +0.082% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0307% | 1h | 47.342 | −0.017% | $85 | $31K | 10x | as long as short |
| GRVT IREN_USDT_Perplong | +0.0382% | 8h | 47.350 | long leg | $5K | $234K | 10x |
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Binance IRENUSDT
tradeXYZ xyz:IREN
Phoenix IREN