IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniIREN	25.829	0	0.0000% / 8h	57m 29s	$570K	$652K	20x	Long Variational Omni+15% pts
SHORT	MEXCIRENSTOCK_USDT	26.070	0	0.0000% / 8h	57m 29s	$2.5M	$900K	50x	Short MEXC

Price gap+0.934%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$86 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding+$30.0000% /8h now · paid +0.034% over the last 7D

Price+$86spread +0.934% now, avg +0.078% → +0.856% if it goes back

Costs−$510.515% of $10k · taker + slippage, in and out

Result+$37+0.37%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.934%

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

3 ok · 3 to watch

Watch: Thin at this size17.5 / 10.9 bp
At $10k entering Variational Omni costs 17.5 bp, fee and slippage, 1.6× MEXC’s.
Note: Margin at max leverage$500 + $200
Variational Omni 20x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.934% vs +0.078%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$570K vs $2.5M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0016%/8h × 21 periods+$3.36

Price spread+0.934% → +0.078% (7d avg)+$85.59

Slippage, 4 orderslive order books−$43.49

Fee Variational Omni bp × 2 orders$0.00

Fee MEXC bp × 2 orders−$8.00

Net · 7 days · $10k+$37.46

Costs to cover0.515%Break-evenfrom the start

Slippage: Variational Omni: RFQ quote, 46 min ago; MEXC: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni5.0917.5 bp−$1828.1 bp−$281doesn’t fitdoesn’t fit

SELL · SHORTMEXC3.8710.9 bp−$1113.9 bp−$13947.5 bp−$4,747208.5 bp−$104.3K

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