IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowIREN-USDC	24.280	+0.0100	pay 0.0013% / 1h	53m 56s	$16K	$100K	20x	Long TxFlow5% off
SHORT	Variational OmniIREN	24.203	0	0.0000% / 8h	1h 53m	$547K	$585K	20x	Short Variational Omni+15% pts

Price gap−0.316%45s

Funding gap−0.0100% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.316% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$14−0.0100% /8h now · paid −0.143% over the last 7D

Price—spread −0.316%45s now · prices read too far apart to compare

Costs−$640.640% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropTxFlow: points · Variational Omni: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.316%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IREN on 23 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size12.7 / 20.1 bp
At $10k entering Variational Omni costs 20.1 bp, fee and slippage, 1.6× TxFlow’s.
Note: Margin at max leverage$500 + $500
TxFlow 20x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$3.00Long TxFlow: 24 payments, −$3.00; short Variational Omni: 3 payments, $0.00.
Watch: Prices read 45 s apart−0.316% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$16K vs $547K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Variational Omni points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Variational Omni No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0068%/8h × 21 periods−$14.33

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$54.98

Fee TxFlow bp × 2 orders−$9.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$78.31

price spread not counted: prices read too far apart

Costs to cover0.640%Break-evennever at this rate

Slippage: TxFlow: live order book, 4 min ago; Variational Omni: RFQ quote, 54 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow4.1212.7 bp−$1326.2 bp−$262doesn’t fitdoesn’t fit

SELL · SHORTVariational Omni5.1520.1 bp−$2032.2 bp−$322doesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-12 07:11	Bitget	Other	$IREN is up 8% overnight, what’s your take on it today? @bitget on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗
09-28 10:22	BloFin	Listing	new market IREN-USDT ($IREN) seen by our collector