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 0.000%

Price spread now: Bitget against Aster+0.003%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bitget

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IRENUSDT	47.239	0	get 0.0000% / 8h	3h 19m	$29K	$4K	20x
Short	Bitget IRENUSDT	47.240	0	get 0.0000% / 8h	3h 19m	$2.1M	$498K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → 0.000%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.12 bp	24.7 bp −$25	doesn't fit	doesn't fit	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
Aster IRENUSDTlong	0.0000%	8h	47.239	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.250	+0.024%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.230	−0.019%	$1.2M	$540K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.230	−0.019%	$649K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.270	+0.066%	$717K	$1.2M	25x	as long as short
Bitget IRENUSDTshort	0.0000%	8h	47.240	+0.003%	$2.1M	$498K	20x
Variational Omni IREN	0.0000%	8h	47.292	+0.112%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.320	+0.172%	$5K	$202K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.290	+0.108%	$1K	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.180	−0.124%	$9K	$826	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.280	+0.087%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0012%	1h	47.170	−0.146%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.205	−0.072%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0072%	1h	47.288	+0.104%	$68K	$96K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.220	−0.040%	$742K	$227K	20x	as long as short
Paragon para:IREN	+0.0114%	1h	47.234	−0.011%	$607K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0154%	1h	47.240	+0.003%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.244	+0.011%	$85	$31K	10x	as long as short