Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.008%
Price spread now: Variational Omni against QFEX−0.039%47s7-day average +0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.039%, 7d avg +0.036%
=Together, before fees+0.158%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.074% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.086%, so the current rate has only just turned against you. The two prices were read 47 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 | 47.110 | 0.0043 | pay 0.0005% / 1h | 50m 48s | $1.2M | $1.5M | 10x |
| Short | Variational Omni IREN | 47.092 | 0 | get 0.0000% / 8h | 2h 50m | $192K | $102K | — |
QFEX IREN-USD
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$8.97
- Price spread: −0.039% → +0.036%
- −$7.45
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$26.42
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 6 min ago; Variational Omni: RFQ quote, 63 min ago. 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, 6 min ago | 3.18 bp | 10.3 bp −$10 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 63 min ago | 5.20 bp | doesn't fit | 75.3 bp −$753 | 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 | −0.0056% | 8h | 47.058 | −0.110% | $2.1M | $501K | 20x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.029 | −0.171% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.069 | −0.086% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.060 | −0.106% | $1.2M | $545K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.080 | −0.064% | $648K | $653K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.130 | +0.042% | $722K | $1.2M | 25x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.092 | −0.039% | $192K | $102K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.075 | −0.074% | $4K | $206K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.060 | −0.106% | $998 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.050 | −0.127% | $9K | $833 | 20x | as long as short |
Bitget IRENUSDT
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0003% | 1h | 46.990 | −0.255% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0040% | 1h | 47.098 | −0.025% | $70K | $95K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.045 | −0.138% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USDlong | +0.0043% | 1h | 47.110 | long leg | $1.2M | $1.5M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.020 | −0.191% | $605K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.080 | −0.064% | $739K | $237K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0333% | 1h | 47.058 | −0.110% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0340% | 1h | 47.041 | −0.146% | $87 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN