Funding you earn now, next payment 10:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h +0.083%
Price spread now: tradeXYZ against GRVT−0.381%66s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$770.772% of the position
Funding, last 7 days+0.298%+$30 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.381%, 7d avg −0.027%
=Together, before fees+0.557%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and tradeXYZ is 0.354% cheaper against GRVT than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.298%, so the current rate has only just turned against you. The two prices were read 66 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 | 47.030 | 0.0559 | pay 0.0559% / 8h | 6h 54m | $5K | $226K | 10x |
| Short | tradeXYZ xyz:IREN | 46.851 | 0.0218 | get 0.0027% / 1h | 54m 14s | $3.1M | $2.0M | 10x |
GRVT IREN_USDT_Perp
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$71.61
- Price spread: −0.381% → −0.027%
- −$35.36
- Slippage, 4 orders
- −$50.22
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$184.19
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 34 min ago; tradeXYZ: live order book, 4 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, 34 min ago | 4.34 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 2.45 bp | 14.8 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDT | −0.0024% | 8h | 46.848 | −0.387% | $2.1M | $646K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0024% | 1h | 46.810 | −0.468% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.867 | −0.347% | $24K | $9K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.850 | −0.383% | $1.2M | $573K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.840 | −0.404% | $628K | $671K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.860 | −0.361% | $809K | $1.4M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.046 | +0.034% | $183K | $101K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.960 | −0.149% | $994 | $322K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.020 | −0.021% | $9K | $869 | 20x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 46.924 | −0.225% | $70K | $96K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Lighter RH IRENShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.824 | −0.438% | $4K | $4K | 5x | as long as short |
| Binance IRENUSDT | +0.0042% | 8h | 46.878 | −0.324% | $3.5M | $6.5M | 25x | as long as short |
| QFEX IREN-USD | +0.0051% | 1h | 46.840 | −0.404% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.903 | −0.271% | $603K | $177K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.900 | −0.276% | $742K | $349K | 20x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0218% | 1h | 46.851 | −0.381% | $3.1M | $2.0M | 10x | |
| Phoenix IREN | +0.0342% | 1h | 46.984 | −0.098% | $86 | $31K | 10x | as long as short |
| GRVT IREN_USDT_Perplong | +0.0559% | 8h | 47.030 | long leg | $5K | $226K | 10x |
Extended IREN_24_5-USD
Binance IRENUSDT
QFEX IREN-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN