Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.011%

Price spread now: Aster against Vest+0.304%57s7-day average — · you sell dearer than you buy

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

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 airdropVest: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.304% dearer against Vest than usual: you sell high and buy low, +$30 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	Vest IREN-USD-PERP	47.300	0.0002	pay 0.0000% / 1h	8m 40s	—	$15K	10x
Short	Aster IRENUSDT	47.444	0	get 0.0000% / 8h	2h 08m	$29K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now +0.304%Rate

Funding earned: −$0.4
Price spread: +0.304% → 0.000%: $30.35
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: $19.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Aster: 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 Vest no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Vest and Aster: 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
Paragon para:IREN	−0.0045%	1h	47.360	+0.127%	$622K	$126K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	47.444	+0.304%	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.410	+0.233%	$3.4M	$6.7M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.380	+0.169%	$1.2M	$503K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.400	+0.211%	$662K	$692K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.380	+0.169%	$742K	$1.6M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.363	+0.133%	$2.0M	$538K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.419	+0.252%	$187K	$68K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.410	+0.234%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.410	+0.233%	$494	$390K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	47.380	+0.169%	$9K	$680	20x	as long as short
Vest IREN-USD-PERPlong	+0.0002%	1h	47.300	long leg	—	$15K	10x
QFEX IREN-USD	+0.0018%	1h	47.370	+0.148%	$1.2M	$2.1M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.441	+0.298%	$67K	$114K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.348	+0.101%	$4K	$8K	5x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.390	+0.190%	$751K	$144K	20x	as long as short
Phoenix IREN	+0.0320%	1h	47.399	+0.209%	$83	$38K	10x	as long as short
tradeXYZ xyz:IREN	+0.0335%	1h	47.404	+0.220%	$3.2M	$1.9M	10x	as long as short