Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.074%
Price spread now: QFEX against tradeXYZ+0.028%49s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.405% of the position
Funding, last 4 days (all we have)−0.181%−$18 on $10k
+Price spread, last 7 days−0.102%−$10 · spread now +0.028%, 7d avg −0.029%
=Together, before fees−0.283%+ Points / potential airdroptradeXYZ: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.057% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.029%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 46.747 | 0.0223 | pay 0.0028% / 1h | 5m 47s | $3.1M | $2.0M | 10x |
| Short | QFEX IREN-USD | 46.760 | 0.0043 | get 0.0005% / 1h | 5m 47s | $1.2M | $1.5M | 10x |
tradeXYZ xyz:IREN
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$37.79
- Price spread: +0.028% → −0.029%
- $5.66
- Slippage, 4 orders
- −$12.47
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$72.6
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; QFEX: live order book, 6 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 | 2.03 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.14 bp | 7.1 bp −$7 | 13.2 bp −$132 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDT | −0.0185% | 8h | 46.741 | −0.013% | $2.1M | $545K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0003% | 1h | 46.640 | −0.229% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.857 | +0.236% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.770 | +0.049% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.760 | +0.028% | $1.2M | $553K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.770 | +0.049% | $625K | $656K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.770 | +0.049% | $819K | $1.3M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.764 | +0.036% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.763 | +0.035% | $4K | $221K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.760 | +0.028% | $920 | $331K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.730 | −0.036% | $9K | $877 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.700 | −0.101% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0043% | 1h | 46.760 | +0.028% | $1.2M | $1.5M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 46.745 | −0.005% | $601K | $177K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.780 | +0.071% | $736K | $280K | 20x | as long as short |
| Lighter RH IREN | +0.0216% | 1h | 46.805 | +0.124% | $70K | $98K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0223% | 1h | 46.747 | long leg | $3.1M | $2.0M | 10x | |
| Phoenix IREN | +0.0308% | 1h | 46.788 | +0.088% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Lighter RH IREN
Phoenix IREN