Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%
Price spread now: Lighter RH against Bybit+0.126%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.126% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRENUSDT | 47.610 | 0 | get 0.0000% / 8h | 4h 07m | $1.2M | $541K | 25x |
| Short | Lighter RH IREN | 47.670 | 0.0032 | get 0.0004% / 1h | 7m 35s | $69K | $94K | 10x |
Bybit IRENUSDT
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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
- $6.72
- Price spread: +0.126% → 0.000%
- $12.6
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $8.32
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 min ago; Lighter RH: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 1.05 bp | 31.9 bp −$32 | 116.6 bp −$1,166 | doesn't fit | doesn't fit |
| Sell Lighter RH no order-book sample | — | — | — | — | — |
Lighter RH: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.663 | +0.110% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.638 | +0.059% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDTlong | 0.0000% | 8h | 47.610 | long leg | $1.2M | $541K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.670 | +0.126% | $649K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.620 | +0.021% | $727K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.595 | −0.032% | $2.0M | $417K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.606 | −0.008% | $212K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.593 | −0.035% | $5K | $193K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.620 | +0.021% | $736 | $357K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.580 | −0.063% | $9K | $807 | 20x | as long as short |
Aster IRENUSDT
Binance 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 | +0.0019% | 1h | 47.540 | −0.147% | — | $15K | 10x | as long as short |
| Lighter RH IRENshort | +0.0032% | 1h | 47.670 | +0.126% | $69K | $94K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.580 | −0.063% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0044% | 1h | 47.620 | +0.021% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.610 | 0.000% | $612K | $182K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0094% | 1h | 47.633 | +0.048% | $3.2M | $1.9M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.620 | +0.021% | $749K | $220K | 20x | as long as short |
| Phoenix IREN | +0.0421% | 1h | 47.610 | 0.000% | $88 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Phoenix IREN