IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%

Price spread now: Vest against QFEX−0.192%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Vest

What this pair did over the last

the charts below follow

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.192% cheaper against QFEX than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	40m 49s	$1.2M	$1.5M	10x
Short	Vest IREN-USD-PERP	46.700	−0.0007	pay 0.0001% / 1h	40m 49s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$8.35
Price spread: −0.192% → 0.000%: −$19.23
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$39.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; Vest: 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, 6 min ago	2.13 bp	9.3 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0324%	8h	46.748	−0.090%	$2.1M	$522K	20x	as long as short
Vest IREN-USD-PERPshort	−0.0007%	1h	46.700	−0.192%	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.808	+0.038%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.787	−0.007%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.770	−0.043%	$1.2M	$549K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	−0.043%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.780	−0.021%	$718K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.802	+0.025%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.850	+0.128%	$4K	$214K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.830	+0.085%	$863	$344K	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	46.700	−0.192%	$9K	$861	20x	as long as short
QFEX IREN-USDlong	+0.0032%	1h	46.790	long leg	$1.2M	$1.5M	10x
Extended IREN_24_5-USD	+0.0040%	1h	46.755	−0.075%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.725	−0.138%	$601K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.770	−0.043%	$734K	$258K	20x	as long as short
tradeXYZ xyz:IREN	+0.0249%	1h	46.749	−0.088%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0320%	1h	46.803	+0.028%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.843	+0.113%	$85	$31K	10x	as long as short