IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter RH against Vest+0.251%7-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 Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 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 · Lighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.251% dearer against Vest than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IREN-USD-PERP	46.690	−0.0003	get 0.0000% / 1h	51m 19s	—	$15K	10x
Short	Lighter RH IREN	46.807	0.0040	get 0.0005% / 1h	51m 19s	$70K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.251%Rate

Funding earned: $8.99
Price spread: +0.251% → 0.000%: $25.06
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $32.05
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter RH: 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 Lighter RH no order-book sample	—	—	—	—	—

Vest and Lighter RH: 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
Bitget IRENUSDT	−0.0282%	8h	46.748	+0.124%	$2.1M	$528K	20x	as long as short
Vest IREN-USD-PERPlong	−0.0003%	1h	46.690	long leg	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.745	+0.117%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.784	+0.201%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.740	+0.107%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	+0.171%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.790	+0.214%	$717K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.746	+0.121%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.780	+0.193%	$4K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.780	+0.193%	$828	$336K	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	46.730	+0.086%	$9K	$880	20x	as long as short
Lighter RH IRENshort	+0.0040%	1h	46.807	+0.251%	$70K	$97K	10x
Extended IREN_24_5-USD	+0.0040%	1h	46.720	+0.064%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.770	+0.171%	$1.2M	$1.5M	10x	as long as short
tradeXYZ xyz:IREN	+0.0053%	1h	46.751	+0.131%	$3.1M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.770	+0.171%	$736K	$265K	20x	as long as short
Paragon para:IREN	+0.0176%	1h	46.761	+0.152%	$602K	$177K	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.800	+0.236%	$84	$31K	10x	as long as short