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

IREN

RWAall IREN markets
SwapBacktest
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: OKX against Bitget+0.067%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$930.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.067%, 7d avg +0.081%
Together, before fees−0.144%−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IRENUSDT47.7280get 0.0000% / 8h7h 47m$2.0M$442K20x
ShortOKX IREN-USDT-SWAP47.7600get 0.0000% / 8h7h 47m$662K$642K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.067% → +0.081%
−$1.42
Slippage, 4 orders
−$70.53
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$93.95
Costs to cover
0.925%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 24 min ago.

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 ago5.04 bp27.3 bp −$2738.6 bp −$386doesn't fitdoesn't fit
Sell OKX live order book, 24 min ago7.38 bp16.8 bp −$17doesn't fitdoesn't fitdoesn't fit

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
Aster IRENUSDT0.0000%8h47.760+0.068%$29K$4K20xas long as short
Bybit IRENUSDT0.0000%8h47.760+0.067%$1.2M$469K25xas long as short
OKX IREN-USDT-SWAPshort0.0000%8h47.760+0.067%$662K$642K25x
Bitget IRENUSDTlong0.0000%8h47.728long leg$2.0M$442K20x
Variational Omni IREN0.0000%8h47.693−0.074%$208K$85Kas long as short
SunX IREN-USDT0.0000%8h47.680−0.101%$933$367K10xas long as short
HTX IREN-USDT0.0000%8h47.740+0.025%$9K$72820xas long as short
Vest IREN-USD-PERP+0.0002%1h47.650−0.163%$15K10xas long as short
Binance IRENUSDT+0.0032%8h47.779+0.106%$3.5M$6.3M25xas long as short
Extended IREN_24_5-USD+0.0040%1h47.705−0.048%$4K$8K5xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX IREN-USD+0.0045%1h47.750+0.046%$1.2M$2.1M10xas long as short
Lighter RH IREN+0.0048%1h47.787+0.124%$68K$108K10xas long as short
Paragon para:IREN+0.0060%1h47.693−0.074%$641K$146K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.700−0.059%$751K$157K20xas long as short
Gate IREN_USDT+0.0275%8h47.750+0.046%$749K$1.2M25xas long as short
Phoenix IREN+0.0337%1h47.748+0.042%$85$35K10xas long as short
GRVT IREN_USDT_Perp+0.0606%8h47.740+0.025%$5K$185K10xas long as short
tradeXYZ xyz:IREN+0.0754%1h47.776+0.101%$3.2M$1.9M10xas long as short