Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Aster−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.024% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it 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	Aster IRENUSDT	47.011	0	get 0.0000% / 8h	2h 04m	$29K	$4K	20x
Short	Binance IRENUSDT	47.000	0	get 0.0000% / 8h	2h 04m	$3.4M	$6.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → 0.000%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	3.19 bp	12.9 bp −$13	45.6 bp −$456	136.3 bp −$13.6K	doesn't fit

Aster: 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	−0.0352%	8h	46.969	−0.090%	$2.1M	$520K	20x	as long as short
Vest IREN-USD-PERP	−0.0008%	1h	46.920	−0.194%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	47.011	long leg	$29K	$4K	20x
Binance IRENUSDTshort	0.0000%	8h	47.000	−0.024%	$3.4M	$6.2M	25x
Bybit IRENUSDT	0.0000%	8h	46.990	−0.045%	$1.2M	$553K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.050	+0.083%	$627K	$692K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.010	−0.002%	$722K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	47.027	+0.033%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.020	+0.019%	$4K	$211K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.030	+0.040%	$841	$347K	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	46.980	−0.066%	$9K	$850	20x	as long as short
Lighter RH IREN	+0.0032%	1h	47.024	+0.027%	$70K	$98K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.955	−0.119%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	47.000	−0.024%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.970	−0.088%	$604K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.980	−0.066%	$739K	$252K	20x	as long as short
tradeXYZ xyz:IREN	+0.0198%	1h	46.981	−0.064%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	47.041	+0.063%	$87	$31K	10x	as long as short