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: Variational Omni against KuCoin−0.103%7-day average 0.000% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.103%, 7d avg 0.000%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.102% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IRENUSDTM	46.500	0.0100	pay 0.0100% / 8h	7h 42m	$734K	$300K	20x
Short	Variational Omni IREN	46.452	0	get 0.0000% / 8h	7h 42m	$181K	$101K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.103%Rate

Funding earned: −$21
Price spread: −0.103% → 0.000%: −$10.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$43.24
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 12 min ago; Variational Omni: RFQ quote, 56 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 KuCoin live order book, 12 min ago	15.04 bp	60.0 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 56 min ago	5.25 bp	doesn't fit	55.0 bp −$550	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
Paragon para:IREN	−0.0299%	1h	46.430	−0.151%	$597K	$177K	10x	as long as short
Bitget IRENUSDT	−0.0143%	8h	46.447	−0.114%	$2.1M	$567K	20x	as long as short
Vest IREN-USD-PERP	−0.0011%	1h	46.450	−0.108%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.524	+0.051%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.489	−0.023%	$3.5M	$6.3M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.470	−0.065%	$1.2M	$568K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.530	+0.065%	$622K	$651K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.480	−0.043%	$815K	$1.3M	25x	as long as short
Variational Omni IRENshort	0.0000%	8h	46.452	−0.103%	$181K	$101K	—
GRVT IREN_USDT_Perp	0.0000%	8h	46.480	−0.043%	$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	+0.129%	$1K	$326K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.560	+0.129%	$9K	$875	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.500	0.000%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.490	−0.022%	$1.2M	$1.4M	10x	as long as short
Lighter RH IREN	+0.0096%	1h	46.517	+0.037%	$69K	$98K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	46.500	long leg	$734K	$300K	20x
tradeXYZ xyz:IREN	+0.0207%	1h	46.448	−0.112%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.456	−0.095%	$84	$31K	10x	as long as short