Funding you earn now, next payment 05:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.082%
Price spread now: Variational Omni against tradeXYZ+0.149%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.149%, 7d avg +0.010%
=Together, before fees−0.286%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.139% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.010%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.426 | 0.0070 | pay 0.0009% / 1h | 42m 33s | $3.2M | $2.0M | 10x |
| Short | Variational Omni IREN | 47.497 | 0 | get 0.0000% / 8h | 3h 42m | $212K | $85K | — |
tradeXYZ xyz:IREN
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$14.6
- Price spread: +0.149% → +0.010%
- $13.94
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.67
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; Variational Omni: RFQ quote, 11 min ago. 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, 5 min ago | 2.21 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 11 min ago | 5.20 bp | doesn't fit | 75.3 bp −$753 | 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 | 47.458 | +0.067% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.430 | +0.008% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.410 | −0.034% | $1.2M | $538K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.470 | +0.093% | $661K | $635K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.430 | +0.008% | $721K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.420 | −0.013% | $2.1M | $495K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.497 | +0.149% | $212K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.458 | +0.067% | $5K | $198K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | −0.013% | $970 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.400 | −0.055% | $9K | $818 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0011% | 1h | 47.420 | −0.013% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERP | +0.0018% | 1h | 47.360 | −0.139% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.482 | +0.118% | $68K | $94K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.390 | −0.076% | $4K | $7K | 5x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0070% | 1h | 47.426 | long leg | $3.2M | $2.0M | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.430 | +0.008% | $746K | $224K | 20x | as long as short |
| Paragon para:IREN | +0.0126% | 1h | 47.400 | −0.055% | $609K | $182K | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.440 | +0.030% | $83 | $31K | 10x | as long as short |
QFEX IREN-USD
Vest IREN-USD-PERP
Lighter RH IREN
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Paragon para:IREN
Phoenix IREN