IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.012%

Price spread now: Paragon against Vest+0.110%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 Paragon

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paragon is 0.110% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IREN-USD-PERP	46.700	−0.0007	get 0.0001% / 1h	41m 15s	—	$15K	10x
Short	Paragon para:IREN	46.752	0.0060	get 0.0008% / 1h	41m 15s	$601K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now +0.110%Rate

Funding earned: $14.15
Price spread: +0.110% → 0.000%: $11.03
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paragon: 5 bp × 2 orders: −$10
Net: $13.17
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: Vest: no order-book sample; Paragon: live order book, 24 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 Paragon live order book, 24 min ago	21.29 bp	26.3 bp −$26	51.0 bp −$510	doesn't fit	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
Bitget IRENUSDT	−0.0324%	8h	46.791	+0.195%	$2.1M	$522K	20x	as long as short
Vest IREN-USD-PERPlong	−0.0007%	1h	46.700	long leg	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.834	+0.287%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.807	+0.229%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.780	+0.171%	$1.2M	$549K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.800	+0.214%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.790	+0.193%	$719K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.832	+0.282%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.850	+0.321%	$4K	$214K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.830	+0.278%	$863	$344K	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	46.700	0.000%	$9K	$861	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.790	+0.193%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.755	+0.118%	$4K	$7K	5x	as long as short
Paragon para:IRENshort	+0.0060%	1h	46.752	+0.110%	$601K	$182K	10x
KuCoin IRENUSDTM	+0.0100%	8h	46.800	+0.214%	$735K	$258K	20x	as long as short
tradeXYZ xyz:IREN	+0.0252%	1h	46.787	+0.186%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0320%	1h	46.836	+0.291%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.843	+0.306%	$85	$31K	10x	as long as short