IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.074%

Price spread now: tradeXYZ against QFEX−0.064%7-day average +0.029% · 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−$50as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.181%+$18 on $10k

Price spread, last 7 days+0.138%+$14 · spread now −0.064%, 7d avg +0.029%

Together, before fees+0.319%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.093% cheaper against QFEX than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.029%). If the spread goes back, that is −$9 on $10k: about 42 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IREN-USD	46.760	0.0043	pay 0.0005% / 1h	6m 32s	$1.2M	$1.5M	10x
Short	tradeXYZ xyz:IREN	46.730	0.0222	get 0.0028% / 1h	6m 32s	$3.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.064%Rate

Funding earned: $37.45
Price spread: −0.064% → +0.029%: −$9.29
Slippage, 4 orders: −$12.47
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$12.31
Costs to cover: 0.405%
Break-even: 9.3 days

Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 1 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, 5 min ago	2.14 bp	7.1 bp −$7	13.1 bp −$131	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	2.03 bp	14.5 bp −$14	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	−0.0185%	8h	46.731	−0.062%	$2.1M	$545K	20x	as long as short
Vest IREN-USD-PERP	−0.0003%	1h	46.640	−0.257%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.845	+0.182%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.780	+0.043%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.750	−0.021%	$1.2M	$553K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	+0.021%	$625K	$656K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.760	0.000%	$819K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.749	−0.023%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.763	+0.007%	$4K	$221K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.750	−0.021%	$920	$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	46.730	−0.064%	$9K	$879	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.700	−0.128%	$4K	$7K	5x	as long as short
QFEX IREN-USDlong	+0.0043%	1h	46.760	long leg	$1.2M	$1.5M	10x
Paragon para:IREN	+0.0060%	1h	46.711	−0.104%	$601K	$177K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.760	0.000%	$736K	$280K	20x	as long as short
Lighter RH IREN	+0.0216%	1h	46.788	+0.060%	$70K	$98K	10x	as long as short
tradeXYZ xyz:IRENshort	+0.0222%	1h	46.730	−0.064%	$3.1M	$2.0M	10x
Phoenix IREN	+0.0308%	1h	46.788	+0.060%	$84	$31K	10x	as long as short