Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.004%
Price spread now: Vest against Lighter RH−0.275%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · Vest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.275% cheaper against Lighter RH than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | 47.310 | 0.0072 | pay 0.0009% / 1h | 15m 33s | $69K | $97K | 10x |
| Short | Vest IREN-USD-PERP | 47.180 | 0.0011 | get 0.0001% / 1h | 15m 33s | — | $15K | 10x |
Lighter RH IREN
Vest IREN-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$12.72
- Price spread: −0.275% → 0.000%
- −$27.48
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$42.2
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; Vest: 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 Vest no order-book sample | — | — | — | — | — |
Lighter RH and Vest: 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 | 47.257 | −0.112% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.280 | −0.063% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.270 | −0.085% | $1.2M | $540K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.320 | +0.021% | $651K | $651K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.280 | −0.063% | $717K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.264 | −0.097% | $2.1M | $497K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.277 | −0.070% | $211K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.275 | −0.074% | $5K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.280 | −0.063% | $1K | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.250 | −0.127% | $9K | $828 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
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 | 47.290 | −0.042% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERPshort | +0.0011% | 1h | 47.180 | −0.275% | — | $15K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.215 | −0.201% | $4K | $7K | 5x | as long as short |
| Lighter RH IRENlong | +0.0072% | 1h | 47.310 | long leg | $69K | $97K | 10x | |
| Paragon para:IREN | +0.0086% | 1h | 47.233 | −0.163% | $607K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.260 | −0.106% | $743K | $229K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0153% | 1h | 47.262 | −0.101% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.278 | −0.068% | $84 | $31K | 10x | as long as short |
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN