Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.149%

Price spread now: Gate against Aster+0.038%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 Gate

What this pair did over the last

the charts below follow

Funding, last 5 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: Gate is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 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	47.432	0	get 0.0000% / 8h	45m 09s	$29K	$4K	20x
Short	Gate IREN_USDT	47.450	0	get 0.0000% / 8h	45m 09s	$737K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.15
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: 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 Gate live order book, 2 min ago	5.27 bp	31.4 bp −$31	75.2 bp −$752	118.4 bp −$11.8K	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
Vest IREN-USD-PERP	−0.0002%	1h	47.350	−0.172%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	47.432	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.450	+0.038%	$3.5M	$6.6M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.420	−0.025%	$1.2M	$497K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.450	+0.038%	$662K	$682K	25x	as long as short
Gate IREN_USDTshort	0.0000%	8h	47.450	+0.038%	$737K	$1.5M	25x
Bitget IRENUSDT	0.0000%	8h	47.419	−0.027%	$2.0M	$524K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.454	+0.047%	$207K	$88K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.450	+0.038%	$1K	$388K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.360	−0.151%	$9K	$707	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT IREN_USDT_Perp	+0.0007%	8h	47.452	+0.044%	$4K	$191K	10x	as long as short
QFEX IREN-USD	+0.0032%	1h	47.460	+0.060%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.400	−0.067%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.407	−0.053%	$637K	$147K	10x	as long as short
Lighter RH IREN	+0.0072%	1h	47.469	+0.079%	$68K	$111K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.460	+0.060%	$746K	$155K	20x	as long as short
tradeXYZ xyz:IREN	+0.0351%	1h	47.437	+0.011%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.477	+0.095%	$85	$38K	10x	as long as short