Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.066%
Price spread now: tradeXYZ against Paragon+0.013%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$930.935% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.013%, 7d avg +0.040%
=Together, before fees+0.224%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.027% cheaper against Paragon than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.040%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:IREN | 46.635 | 0.0030 | pay 0.0004% / 1h | 19m 47s | $600K | $177K | 10x |
| Short | tradeXYZ xyz:IREN | 46.641 | 0.0112 | get 0.0014% / 1h | 19m 47s | $3.1M | $2.0M | 10x |
Paragon para:IREN
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $17.21
- Price spread: +0.013% → +0.040%
- −$2.73
- Slippage, 4 orders
- −$65.49
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$79.01
- Costs to cover
- 0.935%
- Break-even
- 39.1 days
Slippage from Paragon: live order book, 26 min ago; tradeXYZ: live order book, 8 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, 26 min ago | 24.78 bp | 30.2 bp −$30 | 44.1 bp −$441 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 3.15 bp | 17.1 bp −$17 | doesn't fit | 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 | −0.0091% | 8h | 46.622 | −0.028% | $2.1M | $654K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0025% | 1h | 46.460 | −0.375% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.742 | +0.229% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.660 | +0.053% | $3.5M | $6.4M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.650 | +0.032% | $1.2M | $572K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.690 | +0.118% | $623K | $664K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.610 | −0.054% | $804K | $1.4M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.598 | −0.079% | $181K | $101K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.270 | −0.783% | $5K | $223K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.600 | −0.075% | $836 | $326K | 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
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 | 46.540 | −0.204% | $9K | $874 | 20x | as long as short |
| Paragon para:IRENlong | +0.0030% | 1h | 46.635 | long leg | $600K | $177K | 10x | |
| Lighter RH IREN | +0.0032% | 1h | 46.666 | +0.066% | $70K | $98K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.560 | −0.161% | $4K | $4K | 5x | as long as short |
| QFEX IREN-USD | +0.0068% | 1h | 46.530 | −0.225% | $1.2M | $1.5M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.590 | −0.097% | $737K | $322K | 20x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0112% | 1h | 46.641 | +0.013% | $3.1M | $2.0M | 10x | |
| Phoenix IREN | +0.0342% | 1h | 46.192 | −0.950% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
Lighter RH IREN
Extended IREN_24_5-USD
QFEX IREN-USD
KuCoin IRENUSDTM
Phoenix IREN