Funding you earn now, next payment 03:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.050%
Price spread now: tradeXYZ against KuCoin+0.038%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1471.469% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.607%−$61 · spread now +0.038%, 7d avg −0.017%
=Together, before fees−0.531%+ Points / potential airdroptradeXYZ: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IRENUSDTM | 47.440 | 0.0100 | pay 0.0100% / 8h | 5h 23m | $746K | $206K | 20x |
| Short | tradeXYZ xyz:IREN | 47.458 | 0.0354 | get 0.0044% / 1h | 23m 02s | $3.2M | $1.9M | 10x |
KuCoin IRENUSDTM
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against KuCoin. 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
- $53.38
- Price spread: +0.038% → −0.017%
- $5.54
- Slippage, 4 orders
- −$116.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$87.99
- Costs to cover
- 1.469%
- Break-even
- 18.5 days
Slippage from KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 9.48 bp | 67.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 2.63 bp | 17.3 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.549 | +0.231% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.460 | +0.042% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.430 | −0.021% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | −0.084% | $646K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | +0.021% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.421 | −0.040% | $2.0M | $429K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | +0.022% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.455 | +0.032% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.440 | 0.000% | $945 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | +0.063% | $9K | $782 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0009% | 1h | 47.370 | −0.148% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.440 | 0.000% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.490 | +0.105% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.395 | −0.095% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.410 | −0.063% | $609K | $182K | 10x | as long as short |
| KuCoin IRENUSDTMlong | +0.0100% | 8h | 47.440 | long leg | $746K | $206K | 20x | |
| tradeXYZ xyz:IRENshort | +0.0354% | 1h | 47.458 | +0.038% | $3.2M | $1.9M | 10x | |
| Phoenix IREN | +0.0355% | 1h | 47.446 | +0.013% | $89 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
Phoenix IREN