IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.071%

Price spread now: tradeXYZ against Lighter RH−0.082%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 0.082% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 26 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH IREN	47.391	0.0032	pay 0.0004% / 1h	43m 07s	$71K	$96K	10x
Short	tradeXYZ xyz:IREN	47.352	0.0285	get 0.0036% / 1h	43m 07s	$3.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.082%Rate

Funding earned: $53.08
Price spread: −0.082% → 0.000%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $26.86
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Lighter RH: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	2.00 bp	11.6 bp −$12	doesn't fit	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 exchanges

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	47.371	−0.043%	$25K	$9K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.360	−0.065%	$1.2M	$563K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.380	−0.023%	$637K	$674K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.350	−0.087%	$815K	$1.4M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.330	−0.129%	$2.1M	$648K	20x	as long as short
SunX IREN-USDT	0.0000%	8h	47.320	−0.150%	$1K	$310K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.340	−0.108%	$9K	$874	20x	as long as short
Vest IREN-USD-PERP	+0.0006%	1h	47.280	−0.234%	—	$15K	10x	as long as short
Lighter RH IRENlong	+0.0032%	1h	47.391	long leg	$71K	$96K	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.255	−0.287%	$4K	$4K	5x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IREN	+0.0040%	8h	47.358	−0.070%	$185K	$101K	—	as long as short
QFEX IREN-USD	+0.0049%	1h	47.350	−0.087%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.267	−0.261%	$608K	$177K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.380	−0.023%	$749K	$420K	20x	as long as short
Binance IRENUSDT	+0.0164%	8h	47.371	−0.043%	$3.5M	$6.5M	25x	as long as short
tradeXYZ xyz:IRENshort	+0.0285%	1h	47.352	−0.082%	$3.2M	$2.1M	10x
Phoenix IREN	+0.0321%	1h	47.349	−0.089%	$85	$31K	10x	as long as short
GRVT IREN_USDT_Perp	+0.0520%	8h	47.420	+0.061%	$4K	$234K	10x	as long as short