Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%
Price spread now: Variational Omni against Lighter RH−0.024%7-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 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.024% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.518 | 0.0032 | pay 0.0004% / 1h | 47m 36s | $68K | $94K | 10x |
| Short | Variational Omni IREN | 47.507 | 0 | get 0.0000% / 8h | 3h 47m | $212K | $85K | — |
Lighter RH IREN
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$6.72
- Price spread: −0.024% → 0.000%
- −$2.38
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$9.1
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; Variational Omni: RFQ quote, 6 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 Variational Omni RFQ quote, 6 min ago | 5.20 bp | doesn't fit | 75.3 bp −$753 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.527 | +0.018% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.500 | −0.038% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.470 | −0.101% | $1.2M | $538K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.540 | +0.046% | $661K | $636K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.490 | −0.059% | $722K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.472 | −0.097% | $2.1M | $495K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.507 | −0.024% | $212K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.565 | +0.099% | $4K | $197K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | −0.206% | $970 | $356K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.460 | −0.122% | $9K | $817 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0011% | 1h | 47.450 | −0.143% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERP | +0.0018% | 1h | 47.390 | −0.269% | — | $15K | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 47.518 | long leg | $68K | $94K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.440 | −0.164% | $4K | $7K | 5x | as long as short |
| tradeXYZ xyz:IREN | +0.0050% | 1h | 47.468 | −0.105% | $3.2M | $2.0M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.480 | −0.080% | $747K | $223K | 20x | as long as short |
| Paragon para:IREN | +0.0161% | 1h | 47.440 | −0.164% | $610K | $182K | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.558 | +0.084% | $83 | $31K | 10x | as long as short |
QFEX IREN-USD
Vest IREN-USD-PERP
Extended IREN_24_5-USD
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Paragon para:IREN
Phoenix IREN