IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.029%

Price spread now: KuCoin against Binance−0.021%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1401.399% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)−0.669%−$67 · spread now −0.021%, 7d avg −0.042%

Together, before fees−0.439%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IRENUSDT	47.570	0	get 0.0000% / 8h	4h 34m	$3.5M	$6.1M	25x
Short	KuCoin IRENUSDTM	47.560	0.0100	get 0.0100% / 8h	4h 34m	$748K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → −0.042%: $2.14
Slippage, 4 orders: −$117.87
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$116.73
Costs to cover: 1.399%
Break-even: 45.9 days

Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 50 min ago.

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 Binance live order book, 4 min ago	1.05 bp	12.9 bp −$13	44.4 bp −$444	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	9.48 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit

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 IRENUSDT	0.0000%	8h	47.584	+0.030%	$29K	$4K	20x	as long as short
Binance IRENUSDTlong	0.0000%	8h	47.570	long leg	$3.5M	$6.1M	25x
Bybit IRENUSDT	0.0000%	8h	47.540	−0.063%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.480	−0.189%	$645K	$619K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.550	−0.042%	$724K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.506	−0.135%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.547	−0.049%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.560	−0.021%	$4K	$190K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.560	−0.021%	$830	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.560	−0.021%	$9K	$797	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0014%	1h	47.510	−0.126%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.576	+0.013%	$69K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.560	−0.021%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0044%	1h	47.550	−0.042%	$1.2M	$1.6M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.550	−0.042%	$611K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0094%	1h	47.575	+0.011%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.560	−0.021%	$748K	$218K	20x
Phoenix IREN	+0.0421%	1h	47.601	+0.065%	$87	$31K	10x	as long as short