IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.075%

Price spread now: Vest against tradeXYZ−0.118%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.118% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 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	0.0069	pay 0.0009% / 1h	38m 13s	$3.2M	$2.0M	10x
Short	Vest IREN-USD-PERP	47.230	0.0017	get 0.0002% / 1h	38m 13s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$10.85
Price spread: −0.118% → 0.000%: −$11.84
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Vest: 1 bp × 2 orders: −$2
Net: −$42.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; Vest: 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	2.21 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	47.338	+0.110%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.310	+0.051%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.280	−0.013%	$1.2M	$539K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.290	+0.008%	$650K	$648K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.330	+0.093%	$719K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.295	+0.019%	$2.1M	$496K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.412	+0.266%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.438	+0.322%	$4K	$199K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.420	+0.283%	$970	$354K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.370	+0.178%	$9K	$819	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.290	+0.008%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERPshort	+0.0017%	1h	47.230	−0.118%	—	$15K	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.255	−0.066%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0048%	1h	47.350	+0.135%	$68K	$95K	10x	as long as short
tradeXYZ xyz:IRENlong	+0.0069%	1h	47.286	long leg	$3.2M	$2.0M	10x
KuCoin IRENUSDTM	+0.0100%	8h	47.290	+0.008%	$744K	$224K	20x	as long as short
Paragon para:IREN	+0.0131%	1h	47.280	−0.013%	$608K	$182K	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.410	+0.262%	$85	$31K	10x	as long as short