IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against OKX−0.021%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1231.234% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.021%, 7d avg +0.012%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.033% cheaper against OKX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	46.690	0	get 0.0000% / 8h	2h 25m	$622K	$687K	25x
Short	KuCoin IRENUSDTM	46.680	0.0100	get 0.0100% / 8h	2h 25m	$734K	$246K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → +0.012%: −$3.34
Slippage, 4 orders: −$101.41
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$105.75
Costs to cover: 1.234%
Break-even: 42.2 days

Slippage from OKX: live order book, 20 min ago; KuCoin: live order book, 49 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, 20 min ago	4.26 bp	15.2 bp −$15	1433.4 bp −$14.3K	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	5.29 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	−0.0414%	8h	46.680	−0.021%	$2.1M	$518K	20x	as long as short
Vest IREN-USD-PERP	−0.0005%	1h	46.570	−0.257%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.703	+0.028%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.702	+0.026%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.690	0.000%	$1.2M	$549K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	46.690	long leg	$622K	$687K	25x
Gate IREN_USDT	0.0000%	8h	46.710	+0.043%	$716K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.652	−0.081%	$190K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.730	+0.085%	$4K	$208K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.670	−0.043%	$1K	$345K	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	46.580	−0.236%	$9K	$843	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.655	−0.075%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.710	+0.043%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.620	−0.149%	$600K	$182K	10x	as long as short
Lighter RH IREN	+0.0088%	1h	46.697	+0.015%	$70K	$98K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	46.680	−0.021%	$734K	$246K	20x
tradeXYZ xyz:IREN	+0.0218%	1h	46.693	+0.006%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	46.731	+0.088%	$86	$31K	10x	as long as short