IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Variational Omni−0.049%7-day average −0.025% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 2 days (all we have)+0.114%+$11 · spread now −0.049%, 7d avg −0.025%

Together, before fees+0.123%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.025% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.025%). If the spread goes back, that is −$2 on $10k: about 7.4 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IREN	47.412	0	get 0.0000% / 8h	6h 23m	$209K	$84K	—
Short	Binance IRENUSDT	47.389	0.0011	get 0.0011% / 8h	6h 23m	$3.4M	$6.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.049%Rate

Funding earned: $2.32
Price spread: −0.049% → −0.025%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.14
Costs to cover: 0.100%
Break-even: 37.6 days

Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Binance: live order book, 15 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 Variational Omni RFQ quote, 46 min ago	5.19 bp	doesn't fit	63.4 bp −$634	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.11 bp	10.6 bp −$11	45.8 bp −$458	195.0 bp −$19.5K	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	47.493	+0.169%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.370	−0.089%	$1.2M	$524K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.410	−0.005%	$648K	$635K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.400	−0.026%	$726K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.380	−0.068%	$2.0M	$436K	20x	as long as short
Variational Omni IRENlong	0.0000%	8h	47.412	long leg	$209K	$84K	—
GRVT IREN_USDT_Perp	0.0000%	8h	47.390	−0.047%	$4K	$180K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.350	−0.131%	$942	$360K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.360	−0.110%	$9K	$759	20x	as long as short
Vest IREN-USD-PERP	+0.0003%	1h	47.290	−0.258%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IRENUSDTshort	+0.0011%	8h	47.389	−0.049%	$3.4M	$6.2M	25x
QFEX IREN-USD	+0.0029%	1h	47.380	−0.068%	$1.2M	$1.8M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.400	−0.026%	$68K	$99K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.330	−0.173%	$4K	$7K	5x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.360	−0.110%	$744K	$183K	20x	as long as short
tradeXYZ xyz:IREN	+0.0263%	1h	47.372	−0.085%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0353%	1h	47.393	−0.040%	$86	$31K	10x	as long as short
Paragon para:IREN	+0.0370%	1h	47.350	−0.131%	$599K	$172K	10x	as long as short