IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.011%

Price spread now: Vest against Paragon−0.223%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paragon Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.223% cheaper against Paragon than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:IREN	46.624	0.0060	pay 0.0008% / 1h	26m 30s	$600K	$182K	10x
Short	Vest IREN-USD-PERP	46.520	−0.0005	pay 0.0001% / 1h	26m 30s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee ParagonbpFee VestbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$13.59
Price spread: −0.223% → 0.000%: −$22.28
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$47.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 49 min ago; Vest: 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, 49 min ago	25.31 bp	31.5 bp −$32	42.4 bp −$424	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget IRENUSDT	−0.0409%	8h	46.627	+0.007%	$2.1M	$518K	20x	as long as short
Vest IREN-USD-PERPshort	−0.0005%	1h	46.520	−0.223%	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.672	+0.103%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.630	+0.013%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.630	+0.013%	$1.2M	$549K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.630	+0.013%	$622K	$686K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.660	+0.077%	$724K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.683	+0.126%	$190K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.730	+0.227%	$4K	$208K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.670	+0.099%	$1K	$346K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.580	−0.094%	$9K	$843	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.575	−0.105%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.640	+0.035%	$1.2M	$1.6M	10x	as long as short
Paragon para:IRENlong	+0.0060%	1h	46.624	long leg	$600K	$182K	10x
Lighter RH IREN	+0.0088%	1h	46.660	+0.077%	$70K	$98K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.630	+0.013%	$733K	$246K	20x	as long as short
tradeXYZ xyz:IREN	+0.0210%	1h	46.630	+0.013%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	46.716	+0.198%	$82	$31K	10x	as long as short