Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.041% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	46.660	0	get 0.0000% / 8h	1h 30m	$621K	$687K	25x
Short	Aster IRENUSDT	46.679	0	get 0.0000% / 8h	1h 30m	$29K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 10 min ago; Aster: 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 OKX live order book, 10 min ago	4.28 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Bitget IRENUSDT	−0.0358%	8h	46.635	−0.054%	$2.1M	$525K	20x	as long as short
Vest IREN-USD-PERP	−0.0007%	1h	46.580	−0.171%	—	$15K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	46.679	+0.041%	$29K	$9K	20x
Binance IRENUSDT	0.0000%	8h	46.668	+0.018%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.650	−0.021%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	46.660	long leg	$621K	$687K	25x
Gate IREN_USDT	0.0000%	8h	46.660	0.000%	$717K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.707	+0.100%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.702	+0.091%	$4K	$216K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.660	0.000%	$863	$342K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.620	−0.086%	$9K	$865	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.670	+0.021%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.610	−0.107%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.667	+0.015%	$600K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.680	+0.043%	$733K	$255K	20x	as long as short
tradeXYZ xyz:IREN	+0.0153%	1h	46.634	−0.056%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0184%	1h	46.693	+0.071%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.707	+0.101%	$84	$31K	10x	as long as short