Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: HTX against Extended0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on HTX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.560	0.0040	pay 0.0005% / 1h	35m 03s	$4K	$7K	5x
Short	HTX IREN-USDT	47.560	0	get 0.0000% / 8h	4h 35m	$9K	$797	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$8.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Extended and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IRENUSDT	0.0000%	8h	47.584	+0.050%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.570	+0.021%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.540	−0.042%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.480	−0.168%	$645K	$619K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.550	−0.021%	$724K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.506	−0.114%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.547	−0.028%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.560	0.000%	$4K	$190K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.560	0.000%	$830	$358K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.560	0.000%	$9K	$797	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0014%	1h	47.500	−0.126%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.584	+0.050%	$69K	$94K	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.560	long leg	$4K	$7K	5x
QFEX IREN-USD	+0.0044%	1h	47.540	−0.042%	$1.2M	$1.7M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.530	−0.063%	$611K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0094%	1h	47.572	+0.025%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.560	0.000%	$748K	$218K	20x	as long as short
Phoenix IREN	+0.0421%	1h	47.601	+0.086%	$87	$31K	10x	as long as short