Funding you earn now, next payment 03:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.061%
Price spread now: Paragon against tradeXYZ−0.095%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.095%, 7d avg −0.039%
=Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paragon is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.445 | 0.0355 | pay 0.0044% / 1h | 24m 21s | $3.2M | $1.9M | 10x |
| Short | Paragon para:IREN | 47.400 | 0.0060 | get 0.0008% / 1h | 24m 21s | $609K | $182K | 10x |
tradeXYZ xyz:IREN
Paragon para:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- −$61.92
- Price spread: −0.095% → −0.039%
- −$5.54
- Slippage, 4 orders
- −$62.49
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$157.95
- Costs to cover
- 0.905%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Paragon: live order book, 11 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, 2 min ago | 2.63 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 11 min ago | 24.26 bp | 29.3 bp −$29 | 58.1 bp −$581 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.529 | +0.177% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.459 | +0.030% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.430 | −0.032% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | −0.095% | $646K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | +0.011% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.409 | −0.076% | $2.0M | $429K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | +0.011% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.455 | +0.022% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.440 | −0.011% | $945 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.410 | −0.074% | $9K | $779 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0008% | 1h | 47.340 | −0.221% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.430 | −0.032% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.477 | +0.067% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.395 | −0.105% | $4K | $7K | 5x | as long as short |
| Paragon para:IRENshort | +0.0060% | 1h | 47.400 | −0.095% | $609K | $182K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.440 | −0.011% | $746K | $205K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.446 | +0.002% | $88 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0355% | 1h | 47.445 | long leg | $3.2M | $1.9M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Phoenix IREN