Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Variational Omni against Extended+0.075%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.075% dearer against Extended than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended IREN_24_5-USD | 47.495 | 0.0040 | pay 0.0005% / 1h | 1m 39s | $4K | $7K | 5x |
| Short | Variational Omni IREN | 47.531 | 0 | get 0.0000% / 8h | 5h 01m | $210K | $85K | — |
Extended IREN_24_5-USD
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.075% → 0.000%
- $7.52
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.88
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 62 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 Variational Omni RFQ quote, 62 min ago | 5.21 bp | doesn't fit | 50.4 bp −$504 | 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 | 47.565 | +0.148% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.550 | +0.116% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.510 | +0.032% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.550 | +0.116% | $648K | $621K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.520 | +0.053% | $721K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.506 | +0.023% | $2.0M | $419K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.531 | +0.075% | $210K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.542 | +0.098% | $5K | $185K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.520 | +0.053% | $1K | $359K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.490 | −0.011% | $9K | $789 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | +0.0010% | 1h | 47.450 | −0.095% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.510 | +0.032% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.553 | +0.122% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USDlong | +0.0040% | 1h | 47.495 | long leg | $4K | $7K | 5x | |
| Paragon para:IREN | +0.0060% | 1h | 47.480 | −0.032% | $610K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.520 | +0.053% | $747K | $211K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0337% | 1h | 47.511 | +0.034% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.579 | +0.177% | $83 | $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