IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Extended+0.111%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 Lighter RH

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 · Lighter RH: Points live · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.111% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.580	0.0040	pay 0.0005% / 1h	9m 40s	$4K	$7K	5x
Short	Lighter RH IREN	47.633	0.0032	get 0.0004% / 1h	9m 40s	$69K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$1.68
Price spread: +0.111% → 0.000%: $11.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $4.46
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; 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 Extended no order-book sample	—	—	—	—	—
Sell Lighter RH no order-book sample	—	—	—	—	—

Extended and 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	47.643	+0.133%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.630	+0.105%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.600	+0.042%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.670	+0.189%	$649K	$620K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.610	+0.063%	$726K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.551	−0.061%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.606	+0.055%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.610	+0.063%	$5K	$193K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.610	+0.063%	$715	$357K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.580	0.000%	$9K	$808	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0018%	1h	47.520	−0.126%	—	$15K	10x	as long as short
Lighter RH IRENshort	+0.0032%	1h	47.633	+0.111%	$69K	$94K	10x
Extended IREN_24_5-USDlong	+0.0040%	1h	47.580	long leg	$4K	$7K	5x
QFEX IREN-USD	+0.0044%	1h	47.600	+0.042%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.570	−0.021%	$612K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0093%	1h	47.606	+0.055%	$3.2M	$1.9M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.610	+0.063%	$749K	$219K	20x	as long as short
Phoenix IREN	+0.0421%	1h	47.612	+0.067%	$84	$31K	10x	as long as short