IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCIRENSTOCK_USDT	24.250	0	0.0000% / 8h	1h 51m	$2.6M	$682K	50x	Long MEXC
SHORT	GRVTIREN_USDT_Perp	24.263	0	0.0000% / 8h	1h 51m	$4K	$153K	10x	Short GRVT

Price gap+0.055%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$4 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$60.0000% /8h now · paid −0.060% over the last 7D

Price+$4spread +0.055% now, avg +0.020% → +0.035% if it goes back

Costs−$780.783% of $10k · taker + slippage, in and out

Result−$81−0.81%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.055%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IREN on 23 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Large against open interest11.6 / 10.7 bp
$10k is over 10% of GRVT’s open interest.
Note: Margin at max leverage$200 + $1,000
MEXC 50x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long MEXC: 3 payments, $0.00; short GRVT: 3 payments, $0.00.
OK: Entry gap works for you+0.055% vs +0.020%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$4K vs $2.6M OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCMEXC Yes · GRVT No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0029%/8h × 21 periods−$6.04

Price spread+0.055% → +0.020% (7d avg)+$3.53

Slippage, 4 orderslive order books−$61.30

Fee MEXC bp × 2 orders−$8.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$80.80

Costs to cover0.783%Break-evennever at this rate

Slippage: MEXC: live order book, 5 min ago; GRVT: live order book, 55 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC6.2011.6 bp−$1215.7 bp−$157164.9 bp−$16.5K238.2 bp−$119.1K

SELL · SHORTGRVT6.1910.7 bp−$11100.7 bp−$1,007doesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-12 07:11	Bitget	Other	$IREN is up 8% overnight, what’s your take on it today? @bitget on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗
09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector