Funding you earn now, next payment 03:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Binance+0.034%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 2 days (all we have)+0.025%+$2 · spread now +0.034%, 7d avg +0.085%
=Together, before fees+0.010%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.051% cheaper against Binance than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.085%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.450 | 0 | get 0.0000% / 8h | 5h 50m | $3.4M | $6.2M | 25x |
| Short | Lighter RH IREN | 47.466 | 0.0080 | get 0.0010% / 1h | 50m 57s | $69K | $96K | 10x |
Binance IRENUSDT
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.8
- Price spread: +0.034% → +0.085%
- −$5.12
- Slippage, 4 orders
- −$30.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.25
- Costs to cover
- 0.409%
- Break-even
- 19.2 days
Slippage from Binance: live order book, 3 min ago; Lighter RH: live order book, 76 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, 3 min ago | 1.05 bp | 10.9 bp −$11 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 76 min ago | 5.25 bp | 7.4 bp −$7 | 66.9 bp −$669 | 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 | 47.524 | +0.157% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTlong | 0.0000% | 8h | 47.450 | long leg | $3.4M | $6.2M | 25x | |
| Bybit IRENUSDT | 0.0000% | 8h | 47.430 | −0.042% | $1.2M | $539K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.390 | −0.126% | $646K | $625K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.440 | −0.021% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.410 | −0.084% | $2.0M | $431K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.441 | −0.019% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.430 | −0.042% | $4K | $180K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.450 | 0.000% | $1K | $356K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.310 | −0.295% | $9K | $771 | 20x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0005% | 1h | 47.340 | −0.232% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.420 | −0.063% | $1.2M | $1.8M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.365 | −0.179% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.369 | −0.170% | $609K | $182K | 10x | as long as short |
| Lighter RH IRENshort | +0.0080% | 1h | 47.466 | +0.034% | $69K | $96K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.410 | −0.084% | $745K | $196K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.429 | −0.044% | $84 | $31K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0496% | 1h | 47.431 | −0.040% | $3.2M | $1.9M | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN
tradeXYZ xyz:IREN