IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%

Price spread now: Extended against QFEX−0.171%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.171% cheaper against QFEX than usual: you would sell low and buy high (−$17 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	QFEX IREN-USD	46.180	0.0068	pay 0.0009% / 1h	30m 49s	$1.2M	$1.5M	10x
Short	Extended IREN_24_5-USD	46.101	0.0040	get 0.0005% / 1h	30m 49s	$4K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against QFEX. 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 QFEXbpFee ExtendedbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$5.96
Price spread: −0.171% → 0.000%: −$17.11
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.07
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; Extended: 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 QFEX live order book, 6 min ago	4.32 bp	9.3 bp −$9	18.6 bp −$186	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0119%	8h	46.114	−0.143%	$2.0M	$651K	20x	as long as short
Paragon para:IREN	−0.0035%	1h	46.113	−0.144%	$593K	$177K	10x	as long as short
Vest IREN-USD-PERP	−0.0019%	1h	46.060	−0.260%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.164	−0.034%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.113	−0.145%	$3.5M	$6.4M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.080	−0.217%	$1.2M	$570K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.130	−0.108%	$616K	$650K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.110	−0.152%	$833K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.162	−0.038%	$180K	$101K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.270	+0.195%	$4K	$223K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IREN-USDT	0.0000%	8h	46.120	−0.130%	$968	$327K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.260	+0.173%	$9K	$876	20x	as long as short
Lighter RH IREN	+0.0040%	1h	46.143	−0.080%	$69K	$98K	10x	as long as short
Extended IREN_24_5-USDshort	+0.0040%	1h	46.101	−0.171%	$4K	$7K	5x
QFEX IREN-USDlong	+0.0068%	1h	46.180	long leg	$1.2M	$1.5M	10x
KuCoin IRENUSDTM	+0.0100%	8h	46.140	−0.087%	$730K	$312K	20x	as long as short
tradeXYZ xyz:IREN	+0.0174%	1h	46.096	−0.182%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.315	+0.292%	$83	$31K	10x	as long as short