Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.007%

Price spread now: HTX against Vest+0.148%46s7-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 HTX

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 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.148% dearer against Vest than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 46 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	47.180	0.0011	pay 0.0001% / 1h	14m 31s	—	$15K	10x
Short	HTX IREN-USDT	47.250	0	get 0.0000% / 8h	3h 14m	$9K	$828	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$2.32
Price spread: +0.148% → 0.000%: $14.84
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.48
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Vest and HTX: 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	47.249	+0.146%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.270	+0.191%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.240	+0.127%	$1.2M	$539K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.320	+0.297%	$651K	$651K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.280	+0.212%	$717K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.264	+0.178%	$2.1M	$497K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.277	+0.205%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.275	+0.201%	$5K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.280	+0.212%	$1K	$355K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.250	+0.148%	$9K	$828	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.270	+0.191%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERPlong	+0.0011%	1h	47.180	long leg	—	$15K	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.210	+0.064%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0064%	1h	47.293	+0.240%	$69K	$97K	10x	as long as short
Paragon para:IREN	+0.0080%	1h	47.211	+0.066%	$607K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.250	+0.148%	$743K	$229K	20x	as long as short
tradeXYZ xyz:IREN	+0.0155%	1h	47.239	+0.125%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.278	+0.208%	$87	$31K	10x	as long as short