Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.149%
Price spread now: Gate against SunX0.000%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2042.036% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 3 days (all we have)+0.086%+$9 · spread now 0.000%, 7d avg +0.017%
Together, before fees+0.252%+$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX IREN-USDT47.3500get 0.0000% / 8h2h 24m$929$389K10x
ShortGate IREN_USDT47.3500get 0.0000% / 8h2h 24m$742K$1.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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

Funding earned
$0
Price spread: 0.000% → +0.017%
−$1.69
Slippage, 4 orders
−$180.65
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$205.34
Costs to cover
2.036%
Break-even
never at this rate
Slippage from SunX: live order book, 56 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 56 min ago49.60 bp70.4 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.17 bp28.3 bp −$2879.9 bp −$799122.7 bp −$12.3Kdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.391+0.087%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.3500.000%$3.4M$6.7M25xas long as short
Bybit IRENUSDT0.0000%8h47.330−0.042%$1.2M$503K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.330−0.042%$661K$691K25xas long as short
Gate IREN_USDTshort0.0000%8h47.3500.000%$742K$1.6M25x
Bitget IRENUSDT0.0000%8h47.339−0.023%$2.0M$537K20xas long as short
Variational Omni IREN0.0000%8h47.363+0.028%$187K$68Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.3500.000%$4K$205K10xas long as short
SunX IREN-USDTlong0.0000%8h47.350long leg$929$389K10x
HTX IREN-USDT0.0000%8h47.330−0.042%$9K$67420xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0003%1h47.310−0.084%$15K10xas long as short
QFEX IREN-USD+0.0018%1h47.360+0.021%$1.2M$2.1M10xas long as short
Paragon para:IREN+0.0031%1h47.360+0.021%$622K$126K10xas long as short
Lighter RH IREN+0.0032%1h47.382+0.068%$67K$114K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.310−0.084%$4K$8K5xas long as short
KuCoin IRENUSDTM+0.0100%8h47.360+0.021%$751K$144K20xas long as short
tradeXYZ xyz:IREN+0.0292%1h47.370+0.042%$3.2M$1.9M10xas long as short
Phoenix IREN+0.0320%1h47.376+0.055%$83$38K10xas long as short