Funding you earn now, next payment 01:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.005%
Price spread now: GRVT against QFEX−0.209%7-day average +0.055% · 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−$75as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 3 days (all we have)+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.209%, 7d avg +0.055%
=Together, before fees+0.422%+ Points / potential airdropGRVT: Active · farm board+$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.264% cheaper against QFEX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IREN-USD | 47.690 | 0.0045 | pay 0.0006% / 1h | 53m 18s | $1.2M | $2.1M | 10x |
| Short | GRVT IREN_USDT_Perp | 47.590 | 0 | get 0.0000% / 8h | 7h 53m | $5K | $186K | 10x |
QFEX IREN-USD
GRVT IREN_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$9.53
- Price spread: −0.209% → +0.055%
- −$26.38
- Slippage, 4 orders
- −$29.96
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$84.87
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 9 min ago; GRVT: live order book, 15 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 | 2.11 bp | 9.2 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 15 min ago | 3.16 bp | 15.6 bp −$16 | 50.2 bp −$502 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.691 | +0.003% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.670 | −0.042% | $1.2M | $473K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.730 | +0.084% | $663K | $642K | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.643 | −0.099% | $2.0M | $442K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.639 | −0.108% | $208K | $85K | — | as long as short |
| GRVT IREN_USDT_Perpshort | 0.0000% | 8h | 47.590 | −0.209% | $5K | $186K | 10x | |
| SunX IREN-USDT | 0.0000% | 8h | 47.640 | −0.105% | $878 | $371K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.620 | −0.147% | $9K | $725 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.600 | −0.189% | — | $15K | 10x | as long as short |
| Binance IRENUSDT | +0.0014% | 8h | 47.722 | +0.066% | $3.5M | $6.3M | 25x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Binance IRENUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH IREN | +0.0032% | 1h | 47.733 | +0.090% | $68K | $108K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.645 | −0.094% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USDlong | +0.0045% | 1h | 47.690 | long leg | $1.2M | $2.1M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.660 | −0.063% | $640K | $147K | 10x | as long as short |
| Gate IREN_USDT | +0.0085% | 8h | 47.680 | −0.021% | $747K | $1.2M | 25x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.640 | −0.105% | $750K | $157K | 20x | as long as short |
| Phoenix IREN | +0.0337% | 1h | 47.689 | −0.002% | $83 | $35K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.1164% | 1h | 47.679 | −0.023% | $3.2M | $1.9M | 10x | as long as short |
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
Gate IREN_USDT
KuCoin IRENUSDTM
Phoenix IREN
tradeXYZ xyz:IREN