IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXIREN-USDT-SWAP	21.490	0	0.0000% / 8h	16m 17s	$713K	$2.3M	20x	Long OKX
SHORT	Paragonpara:IREN	21.448	+0.0155	get 0.0019% / 1h	16m 17s	$408K	$604K	10x	Short Paragon

Price gap−0.193%

Funding gap+0.0155% /8h

Funding pays +$5 a day on $10k, but the gap is 0.027% under its 7d average: −$3 if it goes back, about 14 hours of funding.

If you open now and hold

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

Funding+$45+0.0155% /8h now · paid +0.448% over the last 7D

Price−$3spread −0.193% now, avg −0.166% → −0.027% if it goes back

Costs−$1111.105% of $10k · taker + slippage, in and out

Result−$68−0.68%no points

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−0.193%

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 24 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size27.5 / 19.4 bp
At $10k entering OKX costs 27.5 bp, fee and slippage, 1.4× Paragon’s.
Note: Margin at max leverage$500 + $1,000
OKX 20x, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$4.64Long OKX: 3 payments, $0.00; short Paragon: 24 payments, +$4.64.
Watch: Gap narrower than usual−0.193% vs −0.166%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$408K vs $713K OI
Paragon sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCOKX Yes · Paragon No
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0213%/8h × 21 periods+$44.77

Price spread−0.193% → −0.166% (7d avg)−$2.74

Slippage, 4 orderslive order books−$98.70

Fee OKX bp × 2 orders−$10.00

Fee Paragon bp × 2 orders−$1.80

Net · 7 days · $10k−$68.47

Costs to cover1.105%Break-even17.7 days

Slippage: OKX: live order book, 1 min ago; Paragon: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX2.3327.5 bp−$27205.2 bp−$2,052doesn’t fitdoesn’t fit

SELL · SHORTParagon17.6619.4 bp−$1947.1 bp−$471doesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchange

11-06 17:13	Phoenix	Other	Last night's earnings on Phoenix: $IREN +18.1% $NET +13.7% $OPEN -17.2% Trade 24/7 on @PhoenixTrade on X ↗
11-06 07:46	SoDEX	Other	🚨 ANTHROPIC'S $1 TRILLION VALUATION: FACING A REALITY CHECK? 🤖📉 🇺🇸 Democrats' midterm victory is shaking up the AI trade as investors fear tighter restrictions on data center construction. 📉 Nasdaq plunged 5.52% in a single session, as investors rushed to sell AI and technology stocks. 🔻 $AVGO (Broadcom): -10.43% 🔻 $NBIS (Nebius): -14.94% 🏗️ The concern? Slower data center construction → Fewer AI chip orders → Slower cloud expansion → Pressure on AI revenue growth and valuations. Microsoft is reportedly reassessing third-party data center projects with Nebius, IREN, and Nscale, while Texas's incoming governor plans to pause new approvals pending legislation until at least mid-2027. With Anthropic's IPO roadshow approaching, investors face a trillion-dollar question: Can Anthropic sustain its sky-high valuation if the infrastructure powering its growth faces delays? 💬 YOUR TURN: WOULD YOU BUY ANTHROPIC AT A $1 TRILLION VALUATION? 🐂 Bullish — AI demand will overcome infrastructure challenges. 🐻 Bearish — Slower growth means valuations need a reset. 👇 Drop your take on Anthropic in the comments! What valuation would make you a buyer? Do you think its IPO will proceed as expected? @sodex_official on X ↗
11-05 16:35	Phoenix	Other	Cloudflare, IREN and Opendoor report earnings after the close today. $NET: analyst consensus is ~$737M in revenue and $0.34 EPS. $IREN: analysts expect ~$223M in revenue. $OPEN: analysts expect ~$1.05B in revenue. Trade all three 24/7 on Phoenix. @PhoenixTrade on X ↗
11-04 17:53	Lighter	Listing	new market IREN ($IREN) seen by our collector
11-02 03:49	Backpack	Other	Earnings & macro to watch for Nov 2–6 ▸ Macro: US midterm elections, BoE decision, Oct jobs report ▸ Earnings: $AAPL $PLTR $AMD $SHOP $SMCI $ANET $UBER $APP $MCD $QCOM $ARM $CRCL $NET $IONQ $SOUN $ABNB $IREN $OKLO $XYZ $AFRM $DKNG Full market calendar → @Backpack on X ↗
10-27 15:07	Vest Markets	Other	Neocloud shares are rebounding from an October selloff, with $NBIS up around 9%, $IREN 6% and $CRWV 5%. Nebius CEO Arkady Volozh said customer advances and other instruments should fund its planned gigawatt, alongside a $3.5B Citi facility and $40B+ in commitments. Trade $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗