Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%
Price spread now: OKX against QFEX+0.085%54s7-day average +0.025% · 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—prices read too far apart to compare
costs, in and out, $10k−$690.693% of the position
Funding, last 4 days (all we have)+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.085%, 7d avg +0.025%
=The price spread pays, funding is against you. OKX is 0.061% dearer against QFEX than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.025%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days. Mind the row above: over the last 4 days funding on this pair paid +0.057%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IREN-USD | 46.790 | 0.0032 | pay 0.0004% / 1h | 12m 45s | $1.2M | $1.6M | 10x |
| Short | OKX IREN-USDT-SWAP | 46.830 | 0 | get 0.0000% / 8h | 1h 12m | $626K | $695K | 25x |
QFEX IREN-USD
OKX IREN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.8
- Price spread: +0.085% → +0.025%
- $6.09
- Slippage, 4 orders
- −$49.27
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$69.99
- Costs to cover
- 0.693%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 28 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, 4 min ago | 2.14 bp | 9.3 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell OKX live order book, 28 min ago | 4.28 bp | 22.2 bp −$22 | doesn't fit | 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 IRENUSDT | −0.0330% | 8h | 46.774 | −0.034% | $2.1M | $527K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0003% | 1h | 46.700 | −0.192% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.787 | −0.006% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.830 | +0.085% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.790 | 0.000% | $1.2M | $550K | 25x | as long as short |
| OKX IREN-USDT-SWAPshort | 0.0000% | 8h | 46.830 | +0.085% | $626K | $695K | 25x | |
| Gate IREN_USDT | 0.0000% | 8h | 46.830 | +0.085% | $717K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.742 | −0.103% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.760 | −0.063% | $5K | $217K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.780 | −0.021% | $937 | $339K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
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 | 46.750 | −0.085% | $9K | $871 | 20x | as long as short |
| QFEX IREN-USDlong | +0.0032% | 1h | 46.790 | long leg | $1.2M | $1.6M | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.775 | −0.032% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.782 | −0.016% | $602K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.790 | 0.000% | $736K | $258K | 20x | as long as short |
| Lighter RH IREN | +0.0104% | 1h | 46.852 | +0.133% | $70K | $98K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0132% | 1h | 46.790 | 0.000% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0341% | 1h | 46.744 | −0.098% | $86 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Lighter RH IREN
tradeXYZ xyz:IREN
Phoenix IREN