Funding you earn now, next payment 21:00 UTC+0.0320%/8h= +35.1% APRpaid last 24h +0.009%
Price spread now: Phoenix against Variational Omni+0.027%84s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.027% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni IREN | 47.363 | 0 | get 0.0000% / 8h | 2h 22m | $187K | $68K | — |
| Short | Phoenix IREN | 47.376 | 0.0320 | get 0.0040% / 1h | 22m 06s | $83 | $38K | 10x |
Variational Omni IREN
Phoenix IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $67.25
- Price spread: +0.027% → 0.000%
- $2.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $62.92
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phoenix: 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, 2 min ago | 6.93 bp | doesn't fit | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.414 | +0.108% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.427 | +0.135% | $3.4M | $6.7M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.370 | +0.014% | $1.2M | $503K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | +0.077% | $662K | $692K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.390 | +0.056% | $742K | $1.6M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.359 | −0.009% | $2.0M | $539K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.363 | long leg | $187K | $68K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.350 | −0.029% | $4K | $205K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | +0.120% | $729 | $390K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.390 | +0.056% | $9K | $676 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0002% | 1h | 47.320 | −0.092% | — | $15K | 10x | as long as short |
| Paragon para:IREN | +0.0005% | 1h | 47.355 | −0.018% | $622K | $126K | 10x | as long as short |
| QFEX IREN-USD | +0.0018% | 1h | 47.380 | +0.035% | $1.2M | $2.1M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.421 | +0.122% | $67K | $114K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.310 | −0.113% | $4K | $8K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.400 | +0.077% | $751K | $144K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0299% | 1h | 47.405 | +0.088% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IRENshort | +0.0320% | 1h | 47.376 | +0.027% | $83 | $38K | 10x |
Vest IREN-USD-PERP
Paragon para:IREN
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN