Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$2.40 per $10,000 · paid last 24h +0.063%
Price spread now: Gate against Bitget+0.169%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 7 days−0.125%−$12 · spread now +0.169%, 7d avg +0.083%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.086% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.083%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget IRENUSDT | 46.831 | −0.0240 | get 0.0240% / 8h | 36m 16s | $2.1M | $538K | 20x |
| Short | Gate IREN_USDT | 46.910 | 0 | get 0.0000% / 8h | 36m 16s | $754K | $1.2M | 25x |
Bitget IRENUSDT
Gate IREN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $50.4
- Price spread: +0.169% → +0.083%
- $8.61
- Slippage, 4 orders
- −$107.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$75.76
- Costs to cover
- 1.348%
- Break-even
- 17.5 days
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 6 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 Bitget live order book, 1 min ago | 2.13 bp | 17.6 bp −$18 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 7.46 bp | 43.3 bp −$43 | 95.7 bp −$957 | 132.1 bp −$13.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDTlong | −0.0240% | 8h | 46.831 | long leg | $2.1M | $538K | 20x | |
| Vest IREN-USD-PERP | −0.0001% | 1h | 46.770 | −0.130% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.894 | +0.134% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.870 | +0.083% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.840 | +0.019% | $1.2M | $552K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.910 | +0.169% | $626K | $690K | 25x | as long as short |
| Gate IREN_USDTshort | 0.0000% | 8h | 46.910 | +0.169% | $754K | $1.2M | 25x | |
| Variational Omni IREN | 0.0000% | 8h | 46.911 | +0.171% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.889 | +0.125% | $5K | $219K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.860 | +0.062% | $1K | $337K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.840 | +0.019% | $9K | $880 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.820 | −0.023% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.820 | −0.023% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.810 | −0.044% | $602K | $177K | 10x | as long as short |
| Lighter RH IREN | +0.0072% | 1h | 46.883 | +0.111% | $70K | $97K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.870 | +0.083% | $737K | $264K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0142% | 1h | 46.851 | +0.043% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0308% | 1h | 46.826 | −0.011% | $86 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN