Funding you earn now, next payment 22:00 UTC+0.0345%/8h= +37.8% APRnext payment +$0.43 per $10,000 · paid last 24h −0.007%
Price spread now: Phoenix against Paragon−0.017%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:IREN | 47.392 | 0.0060 | pay 0.0008% / 1h | 4m 28s | $637K | $147K | 10x |
| Short | Phoenix IREN | 47.384 | 0.0405 | get 0.0051% / 1h | 4m 28s | $88 | $38K | 10x |
Paragon para:IREN
Phoenix IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $72.46
- Price spread: −0.017% → 0.000%
- −$1.73
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $53.73
- Costs to cover
- 0.170%
- Break-even
- 1.8 days
Slippage unknown: Paragon: live order book, 1 min ago; Phoenix: no order-book sample. Net counts fees only.
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, 1 min ago | 21.11 bp | 26.2 bp −$26 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | −0.0002% | 1h | 47.310 | −0.173% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.405 | +0.026% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.430 | +0.080% | $3.5M | $6.7M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.380 | −0.026% | $1.2M | $498K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.420 | +0.059% | $661K | $685K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.410 | +0.038% | $734K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.376 | −0.034% | $2.0M | $498K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.399 | +0.014% | $207K | $88K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.420 | +0.059% | $5K | $193K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.410 | +0.038% | $937 | $389K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
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 | 47.360 | −0.068% | $9K | $700 | 20x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.420 | +0.059% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.372 | −0.043% | $4K | $8K | 5x | as long as short |
| Lighter RH IREN | +0.0056% | 1h | 47.453 | +0.128% | $68K | $115K | 10x | as long as short |
| Paragon para:IRENlong | +0.0060% | 1h | 47.392 | long leg | $637K | $147K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.410 | +0.038% | $741K | $147K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0322% | 1h | 47.408 | +0.033% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IRENshort | +0.0405% | 1h | 47.384 | −0.017% | $88 | $38K | 10x |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN