Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +31.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.093%
Price spread now: Phoenix against QFEX−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 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 | 47.690 | 0.0045 | pay 0.0006% / 1h | 53m 24s | $1.2M | $2.1M | 10x |
| Short | Phoenix IREN | 47.689 | 0.0337 | get 0.0042% / 1h | 53m 24s | $83 | $35K | 10x |
QFEX IREN-USD
Phoenix IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $61.22
- Price spread: −0.002% → 0.000%
- −$0.21
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $44.01
- Costs to cover
- 0.170%
- Break-even
- 2.0 days
Slippage unknown: QFEX: live order book, 9 min ago; Phoenix: 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, 9 min ago | 2.11 bp | 9.2 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| 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_Perp | 0.0000% | 8h | 47.590 | −0.209% | $5K | $186K | 10x | as long as short |
| 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
GRVT IREN_USDT_Perp
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 IRENshort | +0.0337% | 1h | 47.689 | −0.002% | $83 | $35K | 10x | |
| 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
tradeXYZ xyz:IREN