IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0301%/8h= +32.9% APRnext payment +$0.38 per $10,000 · paid last 24h +0.093%

Price spread now: Phoenix against Extended+0.186%48s7-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 Phoenix

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.186% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	46.705	0.0040	pay 0.0005% / 1h	38m 27s	$4K	$7K	5x
Short	Phoenix IREN	46.792	0.0341	get 0.0043% / 1h	38m 27s	$89	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.186%Rate

Funding earned: $63.12
Price spread: +0.186% → 0.000%: $18.63
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $69.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Extended and Phoenix: 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
Bitget IRENUSDT	−0.0337%	8h	46.697	−0.017%	$2.1M	$524K	20x	as long as short
Vest IREN-USD-PERP	−0.0007%	1h	46.640	−0.139%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.775	+0.151%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.710	+0.011%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.700	−0.011%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.700	−0.011%	$624K	$688K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.750	+0.096%	$718K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.802	+0.207%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.820	+0.245%	$5K	$215K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.830	+0.268%	$863	$343K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.730	+0.054%	$9K	$863	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.750	+0.096%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	46.705	long leg	$4K	$7K	5x
Paragon para:IREN	+0.0060%	1h	46.726	+0.046%	$601K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.730	+0.054%	$735K	$258K	20x	as long as short
tradeXYZ xyz:IREN	+0.0232%	1h	46.700	−0.011%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0288%	1h	46.767	+0.133%	$70K	$96K	10x	as long as short
Phoenix IRENshort	+0.0341%	1h	46.792	+0.186%	$89	$31K	10x