Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bybit against Extended+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bybit is 0.064% dearer against Extended than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended IREN_24_5-USD | 47.050 | 0.0040 | pay 0.0005% / 1h | 6m 06s | $4K | $7K | 5x |
| Short | Bybit IRENUSDT | 47.080 | 0 | get 0.0000% / 8h | 3h 06m | $1.2M | $544K | 25x |
Extended IREN_24_5-USD
Bybit IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$8.4
- Price spread: +0.064% → 0.000%
- $6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.02
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Bybit: live order book, 5 min ago. 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 Extended no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 2.12 bp | 24.9 bp −$25 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
Extended: 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 | 47.113 | +0.134% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.090 | +0.085% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDTshort | 0.0000% | 8h | 47.080 | +0.064% | $1.2M | $544K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.080 | +0.064% | $647K | $649K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.090 | +0.085% | $723K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.047 | −0.006% | $2.1M | $499K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.146 | +0.205% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.110 | +0.127% | $4K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.130 | +0.170% | $978 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.070 | +0.043% | $9K | $830 | 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 | +0.0009% | 1h | 47.000 | −0.106% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0011% | 1h | 47.090 | +0.085% | $1.2M | $1.5M | 10x | as long as short |
| Extended IREN_24_5-USDlong | +0.0040% | 1h | 47.050 | long leg | $4K | $7K | 5x | |
| Lighter RH IREN | +0.0056% | 1h | 47.110 | +0.128% | $69K | $97K | 10x | as long as short |
| Paragon para:IREN | +0.0071% | 1h | 47.111 | +0.130% | $606K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.080 | +0.064% | $740K | $232K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0171% | 1h | 47.074 | +0.051% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.109 | +0.125% | $85 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN