IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.021%

Price spread now: KuCoin against QFEX+0.021%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1451.452% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.190%+$19 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.021%, 7d avg +0.036%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IREN-USD	46.770	0.0043	pay 0.0005% / 1h	2m 59s	$1.2M	$1.5M	10x
Short	KuCoin IRENUSDTM	46.780	0.0100	get 0.0100% / 8h	2m 59s	$736K	$280K	20x

Funding history

latest

Range statsloading…

KuCoin against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee QFEXbpFee KuCoinbpOrdersPrice spread, now +0.021%Rate

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 61 min ago.

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, 4 min ago	28.87 bp	33.9 bp −$34	39.4 bp −$394	doesn't fit	doesn't fit
Sell KuCoin live order book, 61 min ago	7.48 bp	37.4 bp −$37	doesn't fit	doesn't fit	doesn't fit

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	−0.0182%	8h	46.741	−0.062%	$2.1M	$545K	20x	as long as short
Vest IREN-USD-PERP	−0.0004%	1h	46.650	−0.257%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.835	+0.140%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.780	+0.021%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.750	−0.043%	$1.2M	$553K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	0.000%	$625K	$656K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.770	0.000%	$819K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.764	−0.013%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.766	−0.008%	$4K	$222K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.760	−0.021%	$943	$331K	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	46.740	−0.064%	$9K	$878	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.705	−0.139%	$4K	$7K	5x	as long as short
QFEX IREN-USDlong	+0.0043%	1h	46.770	long leg	$1.2M	$1.5M	10x
Paragon para:IREN	+0.0060%	1h	46.734	−0.078%	$601K	$177K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	46.780	+0.021%	$736K	$280K	20x
Lighter RH IREN	+0.0216%	1h	46.811	+0.088%	$70K	$98K	10x	as long as short
tradeXYZ xyz:IREN	+0.0231%	1h	46.750	−0.043%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.752	−0.038%	$85	$31K	10x	as long as short