Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.097%

Price spread now: Aster against Variational Omni+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

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 airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IREN	47.424	0	get 0.0000% / 8h	54m 01s	$207K	$88K	—
Short	Aster IRENUSDT	47.426	0	get 0.0000% / 8h	54m 01s	$29K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.39
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Aster: 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 Variational Omni RFQ quote, 25 min ago	3.50 bp	doesn't fit	78.0 bp −$780	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Vest IREN-USD-PERP	−0.0003%	1h	47.320	−0.218%	—	$15K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	47.426	+0.006%	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.450	+0.056%	$3.5M	$6.7M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.430	+0.013%	$1.2M	$497K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.480	+0.119%	$663K	$683K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.430	+0.013%	$735K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.411	−0.027%	$2.0M	$524K	20x	as long as short
Variational Omni IRENlong	0.0000%	8h	47.424	long leg	$207K	$88K	—
GRVT IREN_USDT_Perp	0.0000%	8h	47.422	−0.004%	$4K	$193K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.450	+0.056%	$1K	$388K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	47.400	−0.050%	$9K	$704	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	47.440	+0.035%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.380	−0.092%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.390	−0.071%	$637K	$147K	10x	as long as short
Lighter RH IREN	+0.0096%	1h	47.472	+0.102%	$68K	$111K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.460	+0.077%	$746K	$150K	20x	as long as short
tradeXYZ xyz:IREN	+0.0342%	1h	47.433	+0.020%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0405%	1h	47.424	+0.001%	$83	$38K	10x	as long as short