IREN

Alert: funding

Alert: spread

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: Paragon against Phoenix+0.002%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Paragon

What this pair did over the last

the charts below follow

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	Phoenix IREN	47.384	0.0405	pay 0.0051% / 1h	3m 32s	$84	$38K	10x
Short	Paragon para:IREN	47.385	0.0060	get 0.0008% / 1h	3m 32s	$637K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Phoenix. 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 PhoenixbpFee ParagonbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$72.46
Price spread: +0.002% → 0.000%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$89.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Paragon: live order book, 2 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Paragon live order book, 2 min ago	21.11 bp	26.1 bp −$26	42.3 bp −$423	doesn't fit	doesn't fit

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	47.300	−0.177%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	47.405	+0.044%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.430	+0.097%	$3.5M	$6.7M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.380	−0.008%	$1.2M	$498K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.420	+0.076%	$661K	$684K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.410	+0.055%	$734K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.379	−0.011%	$2.0M	$497K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.399	+0.031%	$207K	$88K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.420	+0.076%	$5K	$193K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.410	+0.055%	$997	$389K	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	47.390	+0.013%	$9K	$702	20x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.410	+0.055%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.370	−0.031%	$4K	$8K	5x	as long as short
Lighter RH IREN	+0.0056%	1h	47.451	+0.141%	$68K	$115K	10x	as long as short
Paragon para:IRENshort	+0.0060%	1h	47.385	+0.002%	$637K	$147K	10x
KuCoin IRENUSDTM	+0.0100%	8h	47.410	+0.055%	$744K	$147K	20x	as long as short
tradeXYZ xyz:IREN	+0.0323%	1h	47.403	+0.040%	$3.2M	$1.9M	10x	as long as short
Phoenix IRENlong	+0.0405%	1h	47.384	long leg	$84	$38K	10x