Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Aster+0.060%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 OKX

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: OKX is 0.060% dearer against Aster than usual: you sell high and buy low, +$6 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	47.022	0	get 0.0000% / 8h	6h 16m	$24K	$9K	20x
Short	OKX IREN-USDT-SWAP	47.050	0	get 0.0000% / 8h	6h 16m	$629K	$661K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 32 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 OKX live order book, 32 min ago	4.26 bp	19.6 bp −$20	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 exchanges

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	−0.0006%	1h	46.950	−0.152%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	47.022	long leg	$24K	$9K	20x
Bybit IRENUSDT	0.0000%	8h	47.060	+0.082%	$1.2M	$566K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	47.050	+0.060%	$629K	$661K	25x
Gate IREN_USDT	0.0000%	8h	47.020	−0.004%	$811K	$1.4M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.032	+0.022%	$2.1M	$646K	20x	as long as short
Variational Omni IREN	0.0000%	8h	46.980	−0.088%	$183K	$101K	—	as long as short
SunX IREN-USDT	0.0000%	8h	46.960	−0.131%	$920	$316K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.030	+0.018%	$9K	$873	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.018	−0.007%	$4K	$4K	5x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH IREN	+0.0048%	1h	47.100	+0.167%	$71K	$97K	10x	as long as short
QFEX IREN-USD	+0.0051%	1h	47.000	−0.046%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.945	−0.163%	$604K	$177K	10x	as long as short
Binance IRENUSDT	+0.0061%	8h	47.070	+0.103%	$3.5M	$6.4M	25x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.020	−0.004%	$744K	$388K	20x	as long as short
tradeXYZ xyz:IREN	+0.0249%	1h	47.042	+0.043%	$3.1M	$2.0M	10x	as long as short
GRVT IREN_USDT_Perp	+0.0255%	8h	46.993	−0.060%	$4K	$231K	10x	as long as short
Phoenix IREN	+0.0307%	1h	47.001	−0.044%	$83	$31K	10x	as long as short