IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.040%

Price spread now: Lighter RH against OKX+0.091%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.462% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.091%, 7d avg +0.094%

Together, before fees+0.022%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	47.440	0	get 0.0000% / 8h	15m 47s	$662K	$667K	25x
Short	Lighter RH IREN	47.483	0.0032	get 0.0004% / 1h	15m 47s	$68K	$111K	10x

Funding history

latest

Range statsloading…

Lighter RH against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee Lighter RHbpOrdersPrice spread, now +0.091%Rate

Slippage from OKX: live order book, 60 min ago; Lighter RH: live order book, 61 min ago.

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, 60 min ago	6.33 bp	16.9 bp −$17	1395.8 bp −$14.0K	doesn't fit	doesn't fit
Sell Lighter RH live order book, 61 min ago	3.79 bp	6.4 bp −$6	65.8 bp −$658	doesn't fit	doesn't fit

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	47.459	+0.040%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.475	+0.075%	$3.5M	$6.5M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.430	−0.021%	$1.2M	$485K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	47.440	long leg	$662K	$667K	25x
Gate IREN_USDT	0.0000%	8h	47.460	+0.042%	$738K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.433	−0.015%	$2.0M	$497K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.468	+0.059%	$207K	$88K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.460	+0.042%	$740	$385K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.430	−0.021%	$9K	$718	20x	as long as short
Vest IREN-USD-PERP	+0.0004%	1h	47.350	−0.190%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT IREN_USDT_Perp	+0.0005%	8h	47.442	+0.004%	$4K	$189K	10x	as long as short
Lighter RH IRENshort	+0.0032%	1h	47.483	+0.091%	$68K	$111K	10x
QFEX IREN-USD	+0.0032%	1h	47.430	−0.021%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.413	−0.056%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.423	−0.035%	$637K	$147K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.460	+0.042%	$746K	$154K	20x	as long as short
tradeXYZ xyz:IREN	+0.0243%	1h	47.450	+0.021%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.459	+0.040%	$87	$38K	10x	as long as short