Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.008%
Price spread now: Binance against Vest+0.111%47s7-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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.111% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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 | 47.270 | 0.0004 | pay 0.0000% / 1h | 40m 49s | — | $15K | 10x |
| Short | Binance IRENUSDT | 47.323 | 0.0037 | get 0.0037% / 8h | 6h 40m | $3.4M | $6.3M | 25x |
Vest IREN-USD-PERP
Binance IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- $6.99
- Price spread: +0.111% → 0.000%
- $11.12
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $6.12
- Costs to cover
- 0.120%
- Break-even
- 0.9 days
Slippage unknown: Vest: no order-book sample; Binance: live order book, 13 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 2.11 bp | 14.6 bp −$15 | 40.9 bp −$409 | 161.8 bp −$16.2K | doesn't fit |
Vest: 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 | 47.478 | +0.441% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.320 | +0.106% | $1.2M | $527K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.290 | +0.042% | $647K | $635K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.350 | +0.169% | $729K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.323 | +0.112% | $2.0M | $437K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.338 | +0.143% | $209K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.360 | +0.190% | $5K | $180K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.380 | +0.233% | $842 | $360K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.320 | +0.106% | $9K | $753 | 20x | as long as short |
| Vest IREN-USD-PERPlong | +0.0004% | 1h | 47.270 | long leg | — | $15K | 10x |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0029% | 1h | 47.340 | +0.148% | $1.3M | $1.9M | 10x | as long as short |
| Binance IRENUSDTshort | +0.0037% | 8h | 47.323 | +0.111% | $3.4M | $6.3M | 25x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.305 | +0.074% | $4K | $7K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.330 | +0.127% | $744K | $174K | 20x | as long as short |
| Lighter RH IREN | +0.0104% | 1h | 47.401 | +0.277% | $68K | $96K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0268% | 1h | 47.321 | +0.108% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0353% | 1h | 47.376 | +0.224% | $85 | $31K | 10x | as long as short |
| Paragon para:IREN | +0.0532% | 1h | 47.310 | +0.085% | $600K | $169K | 10x | as long as short |
QFEX IREN-USD
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Lighter RH IREN
tradeXYZ xyz:IREN
Phoenix IREN
Paragon para:IREN