Funding you earn now, next payment 01:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.078%
Price spread now: tradeXYZ against Variational Omni−0.202%7-day average −0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.073%+$7 on $10k
+Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.202%, 7d avg −0.007%
=Together, before fees+0.331%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.195% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.007%). If the spread goes back, that is −$19 on $10k: about 30 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.073% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.073% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni IREN | 47.697 | 0 | get 0.0000% / 8h | 7h 24m | $209K | $86K | — |
| Short | tradeXYZ xyz:IREN | 47.601 | 0.0516 | get 0.0064% / 1h | 24m 45s | $3.2M | $1.9M | 10x |
Variational Omni IREN
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $108.27
- Price spread: −0.202% → −0.007%
- −$19.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $70.8
- Costs to cover
- 0.180%
- Break-even
- 2.4 days
Slippage unknown: Variational Omni: RFQ quote, 49 min ago; tradeXYZ: live order book, 3 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, 49 min ago | 5.20 bp | doesn't fit | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 2.31 bp | 13.7 bp −$14 | 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 | 47.732 | +0.073% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.620 | −0.162% | $1.2M | $469K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.640 | −0.120% | $659K | $637K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.660 | −0.078% | $747K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.614 | −0.174% | $2.0M | $435K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.697 | long leg | $209K | $86K | — | |
| SunX IREN-USDT | 0.0000% | 8h | 47.700 | +0.006% | $952 | $363K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.670 | −0.057% | $9K | $735 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.590 | −0.225% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0040% | 1h | 47.640 | −0.120% | $68K | $108K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Lighter RH IRENShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.605 | −0.193% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USD | +0.0045% | 1h | 47.640 | −0.120% | $1.2M | $2.0M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.580 | −0.246% | $639K | $146K | 10x | as long as short |
| Binance IRENUSDT | +0.0064% | 8h | 47.610 | −0.183% | $3.5M | $6.2M | 25x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.690 | −0.015% | $751K | $162K | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0319% | 8h | 47.720 | +0.048% | $5K | $182K | 10x | as long as short |
| Phoenix IREN | +0.0337% | 1h | 47.690 | −0.015% | $87 | $35K | 10x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0516% | 1h | 47.601 | −0.202% | $3.2M | $1.9M | 10x |
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Binance IRENUSDT
KuCoin IRENUSDTM
GRVT IREN_USDT_Perp
Phoenix IREN