Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.016%
Price spread now: GRVT against Paragon+0.117%47s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1881.882% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now +0.117%, 7d avg +0.060%
=Together, before fees+0.193%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.056% dearer against Paragon than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.060%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.057% in total) that is about 7.0 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:IREN | 46.755 | 0.0060 | pay 0.0008% / 1h | 12m 02s | $601K | $177K | 10x |
| Short | GRVT IREN_USDT_Perp | 46.810 | 0 | get 0.0000% / 8h | 12m 02s | $5K | $220K | 10x |
Paragon para:IREN
GRVT IREN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.6
- Price spread: +0.117% → +0.060%
- $5.64
- Slippage, 4 orders
- −$169.22
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$195.18
- Costs to cover
- 1.882%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 44 min ago; GRVT: live order book, 21 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 Paragon live order book, 44 min ago | 24.08 bp | 29.2 bp −$29 | 41.7 bp −$417 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 21 min ago | 5.33 bp | 42.5 bp −$43 | 79.7 bp −$797 | 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 | −0.0193% | 8h | 46.720 | −0.075% | $2.1M | $544K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0002% | 1h | 46.670 | −0.182% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.805 | +0.108% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.745 | −0.022% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.730 | −0.053% | $1.2M | $553K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.770 | +0.032% | $625K | $676K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.770 | +0.032% | $819K | $1.3M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.803 | +0.102% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perpshort | 0.0000% | 8h | 46.810 | +0.117% | $5K | $220K | 10x | |
| SunX IREN-USDT | 0.0000% | 8h | 46.800 | +0.096% | $912 | $332K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.740 | −0.032% | $9K | $879 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.700 | −0.117% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.770 | +0.032% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IRENlong | +0.0060% | 1h | 46.755 | long leg | $601K | $177K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.760 | +0.011% | $736K | $275K | 20x | as long as short |
| Lighter RH IREN | +0.0200% | 1h | 46.784 | +0.062% | $70K | $98K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0209% | 1h | 46.735 | −0.043% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0308% | 1h | 46.765 | +0.022% | $86 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
QFEX IREN-USD
KuCoin IRENUSDTM
Lighter RH IREN
tradeXYZ xyz:IREN
Phoenix IREN