IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0246%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.091%

Price spread now: Phoenix against Lighter RH−0.131%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.131% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 43 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH IREN	46.517	0.0096	pay 0.0012% / 1h	42m 27s	$69K	$98K	10x
Short	Phoenix IREN	46.456	0.0342	get 0.0043% / 1h	42m 27s	$84	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 it

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 Lighter RHbpFee PhoenixbpOrdersPrice spread, now −0.131%Rate

Funding earned: $51.71
Price spread: −0.131% → 0.000%: −$13.11
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $31.6
Costs to cover: 0.070%
Break-even: 2.7 days

Slippage unknown: Lighter RH: no order-book sample; Phoenix: no order-book sample. 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 Lighter RH no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Lighter RH and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.188%	$597K	$177K	10x	as long as short
Bitget IRENUSDT	−0.0143%	8h	46.445	−0.155%	$2.1M	$567K	20x	as long as short
Vest IREN-USD-PERP	−0.0011%	1h	46.410	−0.230%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.524	+0.015%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.485	−0.069%	$3.5M	$6.3M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.470	−0.101%	$1.2M	$567K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.530	+0.028%	$622K	$651K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.470	−0.101%	$815K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.452	−0.139%	$181K	$101K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.480	−0.080%	$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	+0.092%	$1K	$326K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.560	+0.092%	$9K	$875	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.500	−0.037%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.490	−0.058%	$1.2M	$1.4M	10x	as long as short
Lighter RH IRENlong	+0.0096%	1h	46.517	long leg	$69K	$98K	10x
KuCoin IRENUSDTM	+0.0100%	8h	46.500	−0.037%	$734K	$300K	20x	as long as short
tradeXYZ xyz:IREN	+0.0206%	1h	46.450	−0.144%	$3.1M	$2.0M	10x	as long as short
Phoenix IRENshort	+0.0342%	1h	46.456	−0.131%	$84	$31K	10x