Funding you earn now, next payment 23:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.079%
Price spread now: Bitget against tradeXYZ−0.059%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 7 days−0.168%−$17 · spread now −0.059%, 7d avg −0.068%
=Together, before fees−0.489%+ Points / potential airdroptradeXYZ: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.397 | 0.0372 | pay 0.0046% / 1h | 23m 55s | $3.2M | $1.9M | 10x |
| Short | Bitget IRENUSDT | 47.369 | 0 | get 0.0000% / 8h | 1h 23m | $2.0M | $497K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$78.08
- Price spread: −0.059% → −0.068%
- $0.85
- Slippage, 4 orders
- −$45.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$152.49
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 3 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 tradeXYZ live order book, 4 min ago | 1.69 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.64 bp | 15.3 bp −$15 | 32.9 bp −$329 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | −0.0001% | 1h | 47.310 | −0.184% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.398 | +0.003% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.410 | +0.027% | $3.4M | $6.7M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.390 | −0.015% | $1.2M | $498K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.450 | +0.112% | $662K | $688K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.400 | +0.006% | $743K | $1.5M | 25x | as long as short |
| Bitget IRENUSDTshort | 0.0000% | 8h | 47.369 | −0.059% | $2.0M | $497K | 20x | |
| Variational Omni IREN | 0.0000% | 8h | 47.404 | +0.015% | $187K | $68K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.430 | +0.070% | $5K | $196K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.410 | +0.027% | $599 | $389K | 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 | 47.380 | −0.036% | $9K | $701 | 20x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.410 | +0.027% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.368 | −0.061% | $4K | $8K | 5x | as long as short |
| Lighter RH IREN | +0.0056% | 1h | 47.444 | +0.099% | $68K | $114K | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.398 | +0.003% | $626K | $142K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.430 | +0.070% | $751K | $142K | 20x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0372% | 1h | 47.397 | long leg | $3.2M | $1.9M | 10x | |
| Phoenix IREN | +0.0405% | 1h | 47.394 | −0.006% | $89 | $38K | 10x | as long as short |
tradeXYZ xyz:IREN
Bitget IRENUSDT
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN