Funding you earn now, next payment 01:00 UTC−0.0353%/8h= −38.6% APRpaid last 24h −0.100%
Price spread now: SunX against Phoenix+0.017%7-day average — · you sell dearer than you buy
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: −$11 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 | 47.372 | 0.0353 | pay 0.0044% / 1h | 42m 30s | $83 | $31K | 10x |
| Short | SunX IREN-USDT | 47.380 | 0 | get 0.0000% / 8h | 6h 42m | $842 | $360K | 10x |
Phoenix IREN
SunX IREN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phoenix. 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
- −$74.08
- Price spread: +0.017% → 0.000%
- $1.69
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$87.4
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 68 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 SunX live order book, 68 min ago | 49.25 bp | 67.9 bp −$68 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.478 | +0.224% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.320 | −0.110% | $1.2M | $527K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.300 | −0.152% | $647K | $635K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.350 | −0.046% | $730K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.323 | −0.103% | $2.0M | $437K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.373 | +0.001% | $209K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.360 | −0.025% | $5K | $180K | 10x | as long as short |
| SunX IREN-USDTshort | 0.0000% | 8h | 47.380 | +0.017% | $842 | $360K | 10x | |
| HTX IREN-USDT | 0.0000% | 8h | 47.310 | −0.131% | $9K | $750 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0004% | 1h | 47.260 | −0.236% | — | $15K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
HTX IREN-USDT
Vest IREN-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0029% | 1h | 47.330 | −0.089% | $1.3M | $1.9M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.305 | −0.141% | $4K | $7K | 5x | as long as short |
| Binance IRENUSDT | +0.0041% | 8h | 47.329 | −0.090% | $3.4M | $6.3M | 25x | as long as short |
| Lighter RH IREN | +0.0088% | 1h | 47.390 | +0.038% | $68K | $96K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.340 | −0.068% | $745K | $174K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0296% | 1h | 47.321 | −0.108% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IRENlong | +0.0353% | 1h | 47.372 | long leg | $83 | $31K | 10x | |
| Paragon para:IREN | +0.0548% | 1h | 47.300 | −0.152% | $600K | $169K | 10x | as long as short |
QFEX IREN-USD
Extended IREN_24_5-USD
Binance IRENUSDT
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Paragon para:IREN