IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCIRENSTOCK_USDT	24.270	0	0.0000% / 8h	1h 52m	$2.6M	$682K	50x	Long MEXC
SHORT	Variational OmniIREN	24.203	0	0.0000% / 8h	1h 52m	$547K	$585K	20x	Short Variational Omni+15% pts

Price gap−0.275%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.202% under its 7d average: the price leg works against you, −$20 on $10k if it goes back.

If you open now and hold

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

Funding−$30.0000% /8h now · paid −0.034% over the last 7D

Price−$20spread −0.275% now, avg −0.074% → −0.202% if it goes back

Costs−$830.825% of $10k · taker + slippage, in and out

Result−$106−1.06%+ Points / potential airdropVariational Omni: 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−0.275%

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

2 ok · 4 to watch

Watch: Thin at this size11.6 / 20.1 bp
At $10k entering Variational Omni costs 20.1 bp, fee and slippage, 1.7× MEXC’s.
Note: Margin at max leverage$200 + $500
MEXC 50x, Variational Omni 20x. 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 Variational Omni: 3 payments, $0.00.
Watch: Gap narrower than usual−0.275% vs −0.074%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$547K vs $2.6M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCMEXC Yes · Variational Omni 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−0.0016%/8h × 21 periods−$3.36

Price spread−0.275% → −0.074% (7d avg)−$20.17

Slippage, 4 orderslive order books−$74.52

Fee MEXC bp × 2 orders−$8.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$106.05

Costs to cover0.825%Break-evennever at this rate

Slippage: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 56 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 · SHORTVariational Omni5.1520.1 bp−$2032.2 bp−$322doesn’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