Funding arb · Price arb /

IREN

RWAall IREN markets

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 +0.002%

Price spread now: GRVT against HTX−0.175%77s7-day average — · you buy dearer than you sell

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

Long on HTX Short on GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.175% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 77 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	46.940	0	get 0.0000% / 8h	2h 12m	$9K	$849	20x
Short	GRVT IREN_USDT_Perp	46.858	0	get 0.0000% / 8h	2h 12m	$5K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → 0.000%: −$17.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.45
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; GRVT: live order book, 31 min ago. 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 GRVT live order book, 31 min ago	3.20 bp	21.8 bp −$22	38.9 bp −$389	doesn't fit	doesn't fit

HTX: 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	−0.0400%	8h	46.957	+0.036%	$2.1M	$520K	20x	as long as short
Vest IREN-USD-PERP	−0.0008%	1h	46.870	−0.149%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.970	+0.064%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.990	+0.107%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.980	+0.085%	$1.2M	$551K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.910	−0.064%	$625K	$690K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.960	+0.043%	$719K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.842	−0.208%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perpshort	0.0000%	8h	46.858	−0.175%	$5K	$210K	10x
SunX IREN-USDT	0.0000%	8h	46.970	+0.064%	$986	$346K	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	46.940	long leg	$9K	$849	20x
Extended IREN_24_5-USD	+0.0040%	1h	46.940	0.000%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.950	+0.021%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.928	−0.026%	$604K	$182K	10x	as long as short
Lighter RH IREN	+0.0072%	1h	46.995	+0.117%	$70K	$98K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.940	0.000%	$738K	$250K	20x	as long as short
tradeXYZ xyz:IREN	+0.0209%	1h	46.954	+0.030%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	46.840	−0.213%	$84	$31K	10x	as long as short