IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Lighter RH against QFEX+0.026%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Lighter RH

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 airdropLighter RH: Points live · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.026% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IREN-USD	46.820	0.0043	pay 0.0005% / 1h	49m 34s	$1.2M	$1.5M	10x
Short	Lighter RH IREN	46.832	0.0040	get 0.0005% / 1h	49m 34s	$70K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$0.67
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; Lighter RH: 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, 2 min ago	3.21 bp	10.3 bp −$10	15.7 bp −$157	doesn't fit	doesn't fit
Sell Lighter RH no order-book sample	—	—	—	—	—

Lighter RH: 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	−0.0278%	8h	46.772	−0.103%	$2.1M	$528K	20x	as long as short
Vest IREN-USD-PERP	−0.0003%	1h	46.670	−0.320%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.781	−0.083%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.840	+0.043%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.780	−0.085%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	−0.107%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.810	−0.021%	$717K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.781	−0.084%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.785	−0.074%	$5K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.780	−0.085%	$828	$336K	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	46.730	−0.192%	$9K	$877	20x	as long as short
Lighter RH IRENshort	+0.0040%	1h	46.832	+0.026%	$70K	$97K	10x
Extended IREN_24_5-USD	+0.0040%	1h	46.765	−0.117%	$4K	$7K	5x	as long as short
QFEX IREN-USDlong	+0.0043%	1h	46.820	long leg	$1.2M	$1.5M	10x
tradeXYZ xyz:IREN	+0.0073%	1h	46.795	−0.053%	$3.1M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.770	−0.107%	$734K	$264K	20x	as long as short
Paragon para:IREN	+0.0200%	1h	46.784	−0.077%	$602K	$177K	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.800	−0.043%	$84	$31K	10x	as long as short