IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.099%

Price spread now: Vest against Phoenix−0.181%7-day average — · you buy dearer than you sell

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

Long on Phoenix 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 −$10 a day on $10k at the current rate, and Vest is 0.181% cheaper against Phoenix than usual: you would sell low and buy high (−$18 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	Phoenix IREN	46.865	0.0341	pay 0.0043% / 1h	48m 48s	$83	$31K	10x
Short	Vest IREN-USD-PERP	46.780	−0.0007	pay 0.0001% / 1h	48m 48s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$73.05
Price spread: −0.181% → 0.000%: −$18.14
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$100.18
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Phoenix and 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	−0.0319%	8h	46.865	0.000%	$2.1M	$524K	20x	as long as short
Vest IREN-USD-PERPshort	−0.0007%	1h	46.780	−0.181%	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.885	+0.042%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.879	+0.029%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.850	−0.032%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.920	+0.117%	$625K	$689K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.890	+0.053%	$720K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.892	+0.058%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.884	+0.041%	$5K	$214K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.880	+0.032%	$848	$345K	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	46.830	−0.075%	$9K	$858	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.890	+0.053%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.830	−0.075%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.850	−0.031%	$603K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.860	−0.011%	$737K	$255K	20x	as long as short
tradeXYZ xyz:IREN	+0.0268%	1h	46.849	−0.034%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0304%	1h	46.924	+0.126%	$70K	$96K	10x	as long as short
Phoenix IRENlong	+0.0341%	1h	46.865	long leg	$83	$31K	10x