Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against HTX+0.049%53s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.049% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	HTX IREN-USDT	46.820	0	get 0.0000% / 8h	42m 14s	$9K	$879	20x
Short	Aster IRENUSDT	46.843	0	get 0.0000% / 8h	42m 14s	$24K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → 0.000%: $4.94
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

HTX and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0260%	8h	46.812	−0.017%	$2.1M	$529K	20x	as long as short
Vest IREN-USD-PERP	−0.0002%	1h	46.780	−0.085%	—	$15K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	46.843	+0.049%	$24K	$9K	20x
Binance IRENUSDT	0.0000%	8h	46.900	+0.170%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.870	+0.107%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.880	+0.128%	$626K	$690K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.900	+0.171%	$752K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.876	+0.119%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.850	+0.064%	$5K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.880	+0.128%	$1K	$337K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDTlong	0.0000%	8h	46.820	long leg	$9K	$879	20x
Lighter RH IREN	+0.0040%	1h	46.904	+0.179%	$70K	$97K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.840	+0.043%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.860	+0.085%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.812	−0.018%	$602K	$177K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.840	+0.043%	$737K	$264K	20x	as long as short
tradeXYZ xyz:IREN	+0.0126%	1h	46.861	+0.088%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.888	+0.145%	$83	$31K	10x	as long as short