IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:IREN	41.830	+0.0140	pay 0.0018% / 1h	2m 12s	$526K	$5K	10x	Long Paragon
SHORT	BingXNCSKIREN2USD-USDT	41.920	+0.0405	get 0.0405% / 8h	3h 02m	$908K	$1.8M	—	Short BingX

Price gap+0.215%

Funding gap+0.0265% /8h

Both sides work: funding pays +$8 a day on $10k, and the gap is 0.106% above its 7d average: +$11 more if it goes back.

If you open now and hold

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

Funding−$19+0.0265% /8h now · paid −0.194% over the last 7D

Price+$11spread +0.215% now, avg +0.109% → +0.106% if it goes back

Costs−$760.763% of $10k · taker + slippage, in and out

Result−$85−0.85%no pointsWhat the last 7D really paid, hour by hour → backtest

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+0.215%

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 21 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size29.3 / 8.0 bp
At $10k entering Paragon costs 29.3 bp, fee and slippage, 3.7× BingX’s.
Note: Margin at max leverage$1,000 + —
Paragon 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$7.94Long Paragon: 24 payments, −$4.21; short BingX: 3 payments, +$12.15.
OK: Entry gap works for you+0.215% vs +0.109%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$526K vs $908K OI
Paragon sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0092%/8h × 21 periods−$19.42

Price spread+0.215% → +0.109% (7d avg)+$10.64

Slippage, 4 orderslive order books−$64.47

Fee Paragon bp × 2 orders−$1.80

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$85.05

Costs to cover0.763%Break-evennever at this rate

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

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon27.6229.3 bp−$2997.3 bp−$973doesn’t fitdoesn’t fit

SELL · SHORTBingX1.198.0 bp−$820.9 bp−$209182.2 bp−$18.2K995.9 bp−$497.9K

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector
09-28 08:57	BloFin	Listing	BloFin Futures will list the $IREN-USDT, $APP-USDT, $ADBE-USDT, $CRDO-USDT, and. $COST-USDT Perpetual Contracts 👀 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees Details: @BloFin_Official on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market IREN/USD ($IREN) seen by our collector
09-18 17:43	Avantis	Other	AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗
09-18 12:57	Paragon	Listing	Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗