IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.072%

Price spread now: Lighter RH against tradeXYZ+0.040%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

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

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

The price spread pays, funding is against you. Lighter RH is 0.040% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IREN	46.993	0.0197	pay 0.0025% / 1h	8m 25s	$3.1M	$2.0M	10x
Short	Lighter RH IREN	47.012	0.0048	get 0.0006% / 1h	8m 25s	$70K	$98K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$31.32
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$45.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; Lighter RH: 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, 10 min ago	2.45 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH no order-book sample	—	—	—	—	—

Lighter RH: 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	−0.0383%	8h	46.986	−0.015%	$2.1M	$520K	20x	as long as short
Vest IREN-USD-PERP	−0.0008%	1h	46.910	−0.177%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	47.043	+0.107%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.021	+0.060%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.020	+0.057%	$1.2M	$553K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.010	+0.036%	$627K	$692K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.020	+0.057%	$720K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.977	−0.035%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.985	−0.017%	$5K	$210K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.010	+0.036%	$1K	$345K	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	46.940	−0.113%	$9K	$848	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.980	−0.028%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	47.010	+0.036%	$1.2M	$1.6M	10x	as long as short
Lighter RH IRENshort	+0.0048%	1h	47.012	+0.040%	$70K	$98K	10x
Paragon para:IREN	+0.0060%	1h	46.970	−0.049%	$604K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.010	+0.036%	$740K	$251K	20x	as long as short
tradeXYZ xyz:IRENlong	+0.0197%	1h	46.993	long leg	$3.1M	$2.0M	10x
Phoenix IREN	+0.0340%	1h	46.963	−0.064%	$82	$31K	10x	as long as short