IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.067%

Price spread now: Extended against tradeXYZ−0.055%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 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	tradeXYZ xyz:IREN	47.286	0.0243	pay 0.0030% / 1h	35m 31s	$3.2M	$2.0M	10x
Short	Extended IREN_24_5-USD	47.260	0.0040	get 0.0005% / 1h	35m 31s	$4K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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 tradeXYZbpFee ExtendedbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$42.6
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$71.1
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 1 min ago; Extended: 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 tradeXYZ live order book, 1 min ago	2.22 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Aster IRENUSDT	0.0000%	8h	47.399	+0.239%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.270	−0.034%	$1.2M	$527K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.310	+0.051%	$646K	$636K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.320	+0.072%	$727K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.265	−0.044%	$2.0M	$438K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.283	−0.007%	$209K	$86K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.319	+0.069%	$4K	$180K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.280	−0.013%	$926	$361K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.270	−0.034%	$9K	$755	20x	as long as short
Vest IREN-USD-PERP	+0.0004%	1h	47.190	−0.203%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IRENUSDT	+0.0028%	8h	47.303	+0.036%	$3.4M	$6.3M	25x	as long as short
QFEX IREN-USD	+0.0029%	1h	47.280	−0.013%	$1.3M	$1.9M	10x	as long as short
Extended IREN_24_5-USDshort	+0.0040%	1h	47.260	−0.055%	$4K	$7K	5x
KuCoin IRENUSDTM	+0.0100%	8h	47.270	−0.034%	$742K	$178K	20x	as long as short
Lighter RH IREN	+0.0104%	1h	47.325	+0.082%	$68K	$99K	10x	as long as short
tradeXYZ xyz:IRENlong	+0.0243%	1h	47.286	long leg	$3.2M	$2.0M	10x
Phoenix IREN	+0.0353%	1h	47.376	+0.190%	$86	$31K	10x	as long as short
Paragon para:IREN	+0.0538%	1h	47.253	−0.070%	$597K	$172K	10x	as long as short