IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.043%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1801.795% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.504%−$50 · spread now −0.043%, 7d avg −0.031%

Together, before fees−0.685%−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IRENUSDTM	46.520	0.0100	pay 0.0100% / 8h	7h 42m	$734K	$299K	20x
Short	Bybit IRENUSDT	46.500	0	get 0.0000% / 8h	7h 42m	$1.2M	$568K	25x

Funding history

latest

Range statsloading…

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.043%Rate

Slippage from KuCoin: live order book, 11 min ago; Bybit: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 11 min ago	15.04 bp	60.0 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.23 bp	40.0 bp −$40	131.1 bp −$1,311	doesn't fit	doesn't fit

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
Paragon para:IREN	−0.0337%	1h	46.505	−0.032%	$598K	$177K	10x	as long as short
Bitget IRENUSDT	−0.0145%	8h	46.472	−0.103%	$2.1M	$567K	20x	as long as short
Vest IREN-USD-PERP	−0.0011%	1h	46.450	−0.150%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.546	+0.055%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.492	−0.060%	$3.5M	$6.3M	25x	as long as short
Bybit IRENUSDTshort	0.0000%	8h	46.500	−0.043%	$1.2M	$568K	25x
OKX IREN-USDT-SWAP	0.0000%	8h	46.530	+0.021%	$622K	$651K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.490	−0.064%	$815K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.452	−0.145%	$181K	$101K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.480	−0.086%	$5K	$224K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IREN-USDT	0.0000%	8h	46.560	+0.086%	$1K	$326K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.560	+0.086%	$9K	$875	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.500	−0.043%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.520	0.000%	$1.2M	$1.4M	10x	as long as short
Lighter RH IREN	+0.0096%	1h	46.535	+0.032%	$69K	$98K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	46.520	long leg	$734K	$299K	20x
tradeXYZ xyz:IREN	+0.0213%	1h	46.462	−0.125%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.456	−0.138%	$84	$31K	10x	as long as short