Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Lighter RH−0.132%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.132% cheaper against Lighter RH than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 46.832 | 0.0040 | pay 0.0005% / 1h | 49m 46s | $70K | $97K | 10x |
| Short | QFEX IREN-USD | 46.770 | 0.0043 | get 0.0005% / 1h | 49m 46s | $1.2M | $1.5M | 10x |
Lighter RH IREN
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $0.67
- Price spread: −0.132% → 0.000%
- −$13.24
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$22.57
- Costs to cover
- 0.100%
- Break-even
- 242.1 days
Slippage unknown: Lighter RH: no order-book sample; QFEX: live order book, 2 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 Lighter RH no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 2 min ago | 3.21 bp | 10.3 bp −$10 | 15.2 bp −$152 | doesn't fit | doesn't fit |
Lighter RH: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDT | −0.0280% | 8h | 46.772 | −0.128% | $2.1M | $528K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0003% | 1h | 46.670 | −0.346% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.771 | −0.131% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.833 | +0.003% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.780 | −0.111% | $1.2M | $552K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.770 | −0.132% | $624K | $688K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.810 | −0.047% | $717K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.781 | −0.109% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.780 | −0.111% | $4K | $219K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.780 | −0.111% | $828 | $336K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.730 | −0.218% | $9K | $877 | 20x | as long as short |
| Lighter RH IRENlong | +0.0040% | 1h | 46.832 | long leg | $70K | $97K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.765 | −0.143% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0043% | 1h | 46.770 | −0.132% | $1.2M | $1.5M | 10x | |
| tradeXYZ xyz:IREN | +0.0073% | 1h | 46.795 | −0.079% | $3.1M | $2.0M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.770 | −0.132% | $734K | $264K | 20x | as long as short |
| Paragon para:IREN | +0.0200% | 1h | 46.784 | −0.102% | $602K | $177K | 10x | as long as short |
| Phoenix IREN | +0.0308% | 1h | 46.800 | −0.068% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Paragon para:IREN
Phoenix IREN