IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Variational Omni−0.109%7-day average +0.002% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.109%, 7d avg +0.002%

Together, before fees+0.225%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.111% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.002%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IREN	47.292	0	get 0.0000% / 8h	3h 20m	$211K	$85K	—
Short	KuCoin IRENUSDTM	47.240	0.0100	get 0.0100% / 8h	3h 20m	$742K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.109%Rate

Funding earned: $21
Price spread: −0.109% → +0.002%: −$11.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.15
Costs to cover: 0.120%
Break-even: 7.7 days

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; KuCoin: live order book, 59 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, 34 min ago	5.20 bp	doesn't fit	64.1 bp −$641	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	4.20 bp	31.7 bp −$32	doesn't fit	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	47.256	−0.076%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.270	−0.046%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.260	−0.067%	$1.2M	$540K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.230	−0.131%	$649K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.270	−0.046%	$717K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.244	−0.101%	$2.1M	$498K	20x	as long as short
Variational Omni IRENlong	0.0000%	8h	47.292	long leg	$211K	$85K	—
GRVT IREN_USDT_Perp	0.0000%	8h	47.320	+0.060%	$5K	$202K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.290	−0.004%	$1K	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.180	−0.236%	$9K	$826	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	47.280	−0.025%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0012%	1h	47.170	−0.257%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.220	−0.152%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0072%	1h	47.286	−0.012%	$68K	$96K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.240	−0.109%	$742K	$227K	20x
Paragon para:IREN	+0.0116%	1h	47.247	−0.094%	$607K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0155%	1h	47.236	−0.118%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.244	−0.101%	$85	$31K	10x	as long as short