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: SunX against Aster+0.067%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 SunX

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: SunX is 0.067% dearer against Aster than usual: you sell high and buy low, +$7 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	46.799	0	get 0.0000% / 8h	1h 38m	$29K	$4K	20x
Short	SunX IREN-USDT	46.830	0	get 0.0000% / 8h	1h 38m	$863	$343K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → 0.000%: $6.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 22 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 SunX live order book, 22 min ago	47.88 bp	67.0 bp −$67	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
Bitget IRENUSDT	−0.0337%	8h	46.705	−0.201%	$2.1M	$524K	20x	as long as short
Vest IREN-USD-PERP	−0.0007%	1h	46.650	−0.318%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	46.799	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	46.740	−0.126%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.750	−0.104%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.770	−0.062%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.750	−0.104%	$718K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.802	+0.006%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.820	+0.044%	$5K	$215K	10x	as long as short
SunX IREN-USDTshort	0.0000%	8h	46.830	+0.067%	$863	$343K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.730	−0.147%	$9K	$863	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.750	−0.104%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.705	−0.201%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.726	−0.155%	$601K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.750	−0.104%	$735K	$258K	20x	as long as short
tradeXYZ xyz:IREN	+0.0238%	1h	46.728	−0.151%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0288%	1h	46.767	−0.068%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.792	−0.015%	$89	$31K	10x	as long as short