Funding you earn now, next payment 07:00 UTC−0.0384%/8h= −42.1% APRpaid last 24h −0.009%
Price spread now: Bitget against QFEX−0.088%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 4 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now −0.088%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.059% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.037% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IREN-USD | 46.680 | 0.0032 | pay 0.0004% / 1h | 32m 14s | $1.2M | $1.5M | 10x |
| Short | Bitget IRENUSDT | 46.639 | −0.0352 | pay 0.0352% / 8h | 1h 32m | $2.1M | $525K | 20x |
QFEX IREN-USD
Bitget IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against QFEX. 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
- −$80.72
- Price spread: −0.088% → −0.029%
- −$5.86
- Slippage, 4 orders
- −$46.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$154.66
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 9 min ago; Bitget: live order book, 5 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 QFEX live order book, 9 min ago | 2.14 bp | 7.1 bp −$7 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.14 bp | 23.5 bp −$23 | 65.4 bp −$654 | 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 IRENUSDTshort | −0.0352% | 8h | 46.639 | −0.088% | $2.1M | $525K | 20x | |
| Vest IREN-USD-PERP | −0.0007% | 1h | 46.590 | −0.193% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.694 | +0.031% | $29K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.663 | −0.036% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.660 | −0.043% | $1.2M | $550K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.650 | −0.064% | $621K | $687K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.670 | −0.021% | $717K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.707 | +0.057% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.760 | +0.171% | $5K | $215K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.830 | +0.321% | $863 | $342K | 10x | as long as short |
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 | 46.620 | −0.129% | $9K | $866 | 20x | as long as short |
| QFEX IREN-USDlong | +0.0032% | 1h | 46.680 | long leg | $1.2M | $1.5M | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.630 | −0.107% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.662 | −0.039% | $600K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.690 | +0.021% | $734K | $259K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0168% | 1h | 46.650 | −0.064% | $3.1M | $2.0M | 10x | as long as short |
| Lighter RH IREN | +0.0200% | 1h | 46.699 | +0.041% | $70K | $96K | 10x | as long as short |
| Phoenix IREN | +0.0341% | 1h | 46.688 | +0.017% | $85 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Lighter RH IREN
Phoenix IREN