IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Extended+0.008%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.236	0.0040	pay 0.0005% / 1h	56m 07s	$4K	$4K	5x
Short	QFEX IREN-USD	47.240	0.0035	get 0.0004% / 1h	56m 07s	$1.2M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$1.02
Price spread: +0.008% → 0.000%: $0.85
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	2.11 bp	7.1 bp −$7	16.5 bp −$165	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 exchanges

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	47.276	+0.084%	$24K	$9K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.240	+0.008%	$1.2M	$554K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.270	+0.072%	$638K	$674K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.260	+0.051%	$810K	$1.3M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.255	+0.040%	$2.1M	$648K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.347	+0.236%	$184K	$98K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.270	+0.072%	$1K	$297K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.210	−0.055%	$9K	$869	20x	as long as short
Vest IREN-USD-PERP	+0.0016%	1h	47.200	−0.076%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.290	+0.114%	$72K	$97K	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USDshort	+0.0035%	1h	47.240	+0.008%	$1.2M	$1.5M	10x
Extended IREN_24_5-USDlong	+0.0040%	1h	47.236	long leg	$4K	$4K	5x
Paragon para:IREN	+0.0060%	1h	47.250	+0.029%	$608K	$176K	10x	as long as short
tradeXYZ xyz:IREN	+0.0076%	1h	47.244	+0.017%	$3.2M	$2.0M	10x	as long as short
Binance IRENUSDT	+0.0091%	8h	47.268	+0.067%	$3.5M	$6.3M	25x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.290	+0.114%	$748K	$459K	20x	as long as short
GRVT IREN_USDT_Perp	+0.0148%	8h	47.351	+0.244%	$5K	$242K	10x	as long as short
Phoenix IREN	+0.0321%	1h	47.298	+0.131%	$87	$31K	10x	as long as short