Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.019%
Price spread now: KuCoin against Lighter RH−0.182%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days+0.245%+$25 on $10k
+Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.182%, 7d avg −0.076%
=Together, before fees+0.480%+ Points / potential airdropLighter RH: Points live · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.106% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.076%). If the spread goes back, that is −$11 on $10k: about 6.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.245% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.787 | 0.0048 | pay 0.0006% / 1h | 47m 17s | $68K | $108K | 10x |
| Short | KuCoin IRENUSDTM | 47.700 | 0.0100 | get 0.0100% / 8h | 7h 47m | $751K | $157K | 20x |
Lighter RH IREN
KuCoin IRENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter RH. 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
- $10.92
- Price spread: −0.182% → −0.076%
- −$10.62
- Slippage, 4 orders
- −$63.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$75.29
- Costs to cover
- 0.756%
- Break-even
- 55.3 days
Slippage from Lighter RH: live order book, 25 min ago; KuCoin: live order book, 7 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 Lighter RH live order book, 25 min ago | 0.95 bp | 7.0 bp −$7 | 83.3 bp −$833 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 5.24 bp | 35.2 bp −$35 | 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 | 47.757 | −0.063% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.760 | −0.057% | $1.2M | $469K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.760 | −0.057% | $662K | $642K | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.723 | −0.134% | $2.0M | $442K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.693 | −0.198% | $208K | $85K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.680 | −0.224% | $933 | $367K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.740 | −0.098% | $9K | $728 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0002% | 1h | 47.650 | −0.287% | — | $15K | 10x | as long as short |
| Binance IRENUSDT | +0.0032% | 8h | 47.772 | −0.032% | $3.5M | $6.3M | 25x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.705 | −0.172% | $4K | $8K | 5x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Binance IRENUSDT
Extended IREN_24_5-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0045% | 1h | 47.750 | −0.077% | $1.2M | $2.1M | 10x | as long as short |
| Lighter RH IRENlong | +0.0048% | 1h | 47.787 | long leg | $68K | $108K | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.693 | −0.197% | $641K | $146K | 10x | as long as short |
| KuCoin IRENUSDTMshort | +0.0100% | 8h | 47.700 | −0.182% | $751K | $157K | 20x | |
| Gate IREN_USDT | +0.0275% | 8h | 47.740 | −0.098% | $748K | $1.2M | 25x | as long as short |
| Phoenix IREN | +0.0337% | 1h | 47.748 | −0.082% | $85 | $35K | 10x | as long as short |
| GRVT IREN_USDT_Perp | +0.0606% | 8h | 47.740 | −0.098% | $5K | $185K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0760% | 1h | 47.765 | −0.046% | $3.2M | $1.9M | 10x | as long as short |
QFEX IREN-USD
Paragon para:IREN
Gate IREN_USDT
Phoenix IREN
GRVT IREN_USDT_Perp
tradeXYZ xyz:IREN