Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0185%/8h= +20.3% APRnext payment +$1.85 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bitget+0.021%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IRENUSDT46.720−0.0185get 0.0185% / 8h7m 07s$2.1M$544K20x
ShortHTX IREN-USDT46.7300get 0.0000% / 8h7m 07s$9K$87920x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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

Funding earned
$38.85
Price spread: +0.021% → 0.000%
$2.14
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$16.99
Costs to cover
0.240%
Break-even
3.9 days
Slippage unknown: Bitget: live order book, 5 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago3.21 bp20.5 bp −$2038.4 bp −$384doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget IRENUSDTlong−0.0185%8h46.720long leg$2.1M$544K20x
Vest IREN-USD-PERP−0.0003%1h46.630−0.193%$15K10xas long as short
Aster IRENUSDT0.0000%8h46.821+0.216%$24K$9K20xas long as short
Binance IRENUSDT0.0000%8h46.750+0.064%$3.5M$6.2M25xas long as short
Bybit IRENUSDT0.0000%8h46.740+0.043%$1.2M$553K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h46.770+0.107%$625K$656K25xas long as short
Gate IREN_USDT0.0000%8h46.760+0.086%$819K$1.3M25xas long as short
Variational Omni IREN0.0000%8h46.749+0.062%$191K$92Kas long as short
GRVT IREN_USDT_Perp0.0000%8h46.763+0.093%$4K$221K10xas long as short
SunX IREN-USDT0.0000%8h46.750+0.064%$920$331K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IREN-USDTshort0.0000%8h46.730+0.021%$9K$87920x
Extended IREN_24_5-USD+0.0040%1h46.680−0.086%$4K$7K5xas long as short
QFEX IREN-USD+0.0043%1h46.740+0.043%$1.2M$1.5M10xas long as short
Paragon para:IREN+0.0060%1h46.723+0.006%$601K$177K10xas long as short
KuCoin IRENUSDTM+0.0100%8h46.760+0.086%$736K$278K20xas long as short
Lighter RH IREN+0.0216%1h46.790+0.150%$70K$98K10xas long as short
tradeXYZ xyz:IREN+0.0220%1h46.728+0.017%$3.1M$2.0M10xas long as short
Phoenix IREN+0.0308%1h46.788+0.146%$84$31K10xas long as short