IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.066%

Price spread now: SunX against Paragon+0.056%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1871.869% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.056%, 7d avg +0.037%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$2 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	47.423	0.0060	pay 0.0008% / 1h	41m 31s	$637K	$147K	10x
Short	SunX IREN-USDT	47.450	0	get 0.0000% / 8h	41m 31s	$1K	$388K	10x

Funding history

latest

Range statsloading…

SunX against Paragon. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ParagonbpFee SunXbpOrdersPrice spread, now +0.056%Rate

Slippage from Paragon: live order book, 24 min ago; SunX: live order book, 19 min ago.

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, 24 min ago	21.11 bp	26.2 bp −$26	45.1 bp −$451	doesn't fit	doesn't fit
Sell SunX live order book, 19 min ago	47.43 bp	67.6 bp −$68	doesn't fit	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
Vest IREN-USD-PERP	−0.0002%	1h	47.370	−0.113%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	47.446	+0.048%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.460	+0.077%	$3.5M	$6.6M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.440	+0.035%	$1.2M	$491K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.450	+0.056%	$662K	$669K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.440	+0.035%	$736K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.423	−0.001%	$2.0M	$503K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.454	+0.065%	$207K	$88K	—	as long as short
SunX IREN-USDTshort	0.0000%	8h	47.450	+0.056%	$1K	$388K	10x
HTX IREN-USDT	0.0000%	8h	47.410	−0.028%	$9K	$709	20x	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	+0.0026%	8h	47.460	+0.077%	$4K	$191K	10x	as long as short
QFEX IREN-USD	+0.0032%	1h	47.450	+0.056%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.411	−0.027%	$4K	$8K	5x	as long as short
Paragon para:IRENlong	+0.0060%	1h	47.423	long leg	$637K	$147K	10x
Lighter RH IREN	+0.0072%	1h	47.471	+0.100%	$68K	$111K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.460	+0.077%	$746K	$156K	20x	as long as short
tradeXYZ xyz:IREN	+0.0347%	1h	47.433	+0.020%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.457	+0.071%	$87	$38K	10x	as long as short