IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.69 per $10,000 · paid last 24h +0.002%

Price spread now: GRVT against OKX−0.221%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1301.304% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.221%, 7d avg +0.015%

Together, before fees+0.337%+ Points / potential airdropGRVT: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.237% cheaper against OKX than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.015%). If the spread goes back, that is −$24 on $10k: about 11 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.045% in total) that is about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	47.150	0	get 0.0000% / 8h	4h 47m	$635K	$673K	25x
Short	GRVT IREN_USDT_Perp	47.046	0.0069	get 0.0069% / 8h	4h 47m	$4K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.221%Rate

Funding earned: $14.49
Price spread: −0.221% → +0.015%: −$23.67
Slippage, 4 orders: −$111.45
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$139.63
Costs to cover: 1.304%
Break-even: 74.5 days

Slippage from OKX: live order book, 57 min ago; GRVT: live order book, 57 min ago.

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, 57 min ago	3.17 bp	15.0 bp −$15	1397.7 bp −$14.0K	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	4.23 bp	32.8 bp −$33	125.7 bp −$1,257	doesn't fit	doesn't fit

IREN on 18 exchanges

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	47.079	−0.150%	$24K	$9K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.120	−0.064%	$1.2M	$547K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	47.150	long leg	$635K	$673K	25x
Gate IREN_USDT	0.0000%	8h	47.140	−0.021%	$808K	$1.3M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.147	−0.006%	$2.1M	$649K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.163	+0.027%	$184K	$98K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.080	−0.148%	$1K	$292K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.150	0.000%	$9K	$868	20x	as long as short
Vest IREN-USD-PERP	+0.0013%	1h	47.030	−0.255%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0035%	1h	47.130	−0.042%	$1.2M	$1.5M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH IREN	+0.0040%	1h	47.164	+0.030%	$72K	$97K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.069	−0.172%	$4K	$4K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.072	−0.164%	$606K	$176K	10x	as long as short
GRVT IREN_USDT_Perpshort	+0.0069%	8h	47.046	−0.221%	$4K	$242K	10x
Binance IRENUSDT	+0.0078%	8h	47.140	−0.021%	$3.5M	$6.2M	25x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.140	−0.021%	$746K	$468K	20x	as long as short
tradeXYZ xyz:IREN	+0.0221%	1h	47.103	−0.100%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0355%	1h	47.169	+0.040%	$86	$31K	10x	as long as short