IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h −0.004%

Price spread now: QFEX against Vest+0.127%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 QFEX

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 +$1 a day on $10k at the current rate, and QFEX is 0.127% dearer against Vest than usual: you sell high and buy low: +$13 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	47.320	0.0000	pay 0.0000% / 1h	46m 23s	—	$15K	10x
Short	QFEX IREN-USD	47.380	0.0026	get 0.0003% / 1h	46m 23s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.127%Rate

Funding earned: $5.28
Price spread: +0.127% → 0.000%: $12.68
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: $5.95
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	104.29 bp	110.1 bp −$110	121.4 bp −$1,214	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
Aster IRENUSDT	0.0000%	8h	47.407	+0.185%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.415	+0.201%	$3.4M	$6.7M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.380	+0.127%	$1.2M	$501K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.420	+0.211%	$662K	$691K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.410	+0.190%	$743K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.381	+0.129%	$2.0M	$509K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.461	+0.298%	$187K	$68K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.460	+0.296%	$5K	$200K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.450	+0.275%	$425	$389K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.390	+0.148%	$9K	$690	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERPlong	0.0000%	1h	47.320	long leg	—	$15K	10x
QFEX IREN-USDshort	+0.0026%	1h	47.380	+0.127%	$1.2M	$2.1M	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.366	+0.098%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.376	+0.118%	$623K	$126K	10x	as long as short
Lighter RH IREN	+0.0080%	1h	47.449	+0.273%	$68K	$114K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.430	+0.232%	$752K	$143K	20x	as long as short
tradeXYZ xyz:IREN	+0.0306%	1h	47.412	+0.194%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0405%	1h	47.438	+0.249%	$85	$38K	10x	as long as short