Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against KuCoin−0.021%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2522.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.336%−$34 on $10k
Price spread, last 4 days (all we have)−0.321%−$32 · spread now −0.021%, 7d avg −0.013%
Together, before fees−0.657%−$66 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin IRENUSDTM47.5300.0100pay 0.0100% / 8h5h 02m$747K$211K20x
ShortSunX IREN-USDT47.5200get 0.0000% / 8h5h 02m$1K$359K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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

Funding earned
−$21
Price spread: −0.021% → −0.013%
−$0.84
Slippage, 4 orders
−$231.79
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$273.63
Costs to cover
2.518%
Break-even
never at this rate
Slippage from KuCoin: live order book, 22 min ago; SunX: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 22 min ago9.48 bp67.5 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 28 min ago48.42 bp68.6 bp −$69doesn't fitdoesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.561+0.064%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.526−0.009%$3.5M$6.1M25xas long as short
Bybit IRENUSDT0.0000%8h47.500−0.063%$1.2M$541K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.550+0.042%$648K$621K25xas long as short
Gate IREN_USDT0.0000%8h47.520−0.021%$721K$1.2M25xas long as short
Bitget IRENUSDT0.0000%8h47.497−0.069%$2.0M$419K20xas long as short
Variational Omni IREN0.0000%8h47.531+0.002%$210K$85Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.542+0.024%$5K$185K10xas long as short
SunX IREN-USDTshort0.0000%8h47.520−0.021%$1K$359K10x
HTX IREN-USDT0.0000%8h47.490−0.084%$9K$78920xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0010%1h47.450−0.168%$15K10xas long as short
QFEX IREN-USD+0.0026%1h47.510−0.042%$1.2M$1.7M10xas long as short
Lighter RH IREN+0.0032%1h47.555+0.053%$69K$96K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.495−0.074%$4K$7K5xas long as short
Paragon para:IREN+0.0060%1h47.490−0.084%$611K$182K10xas long as short
KuCoin IRENUSDTMlong+0.0100%8h47.530long leg$747K$211K20x
tradeXYZ xyz:IREN+0.0339%1h47.502−0.059%$3.2M$1.9M10xas long as short
Phoenix IREN+0.0355%1h47.579+0.103%$83$31K10xas long as short