IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0101%/8h= +11.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Gate+0.042%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.042%, 7d avg +0.025%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IREN_USDT	47.310	0	get 0.0000% / 8h	5h 01m	$811K	$1.4M	25x
Short	Binance IRENUSDT	47.330	0.0101	get 0.0101% / 8h	5h 01m	$3.5M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: $21.27
Price spread: +0.042% → +0.025%: $1.71
Slippage, 4 orders: −$43.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.49
Costs to cover: 0.685%
Break-even: 22.0 days

Slippage from Gate: live order book, 4 min ago; Binance: live order book, 15 min ago.

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 Gate live order book, 4 min ago	5.28 bp	18.3 bp −$18	49.2 bp −$492	76.8 bp −$7,682	doesn't fit
Sell Binance live order book, 15 min ago	2.11 bp	15.0 bp −$15	54.7 bp −$547	299.2 bp −$29.9K	doesn't fit

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	47.327	+0.035%	$24K	$9K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.310	0.000%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.390	+0.169%	$639K	$676K	25x	as long as short
Gate IREN_USDTlong	0.0000%	8h	47.310	long leg	$811K	$1.4M	25x
Bitget IRENUSDT	0.0000%	8h	47.290	−0.042%	$2.1M	$648K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.352	+0.090%	$184K	$98K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.300	−0.021%	$1K	$301K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.280	−0.063%	$9K	$871	20x	as long as short
Vest IREN-USD-PERP	+0.0016%	1h	47.240	−0.148%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.362	+0.110%	$72K	$98K	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IREN_24_5-USD	+0.0040%	1h	47.280	−0.063%	$4K	$4K	5x	as long as short
QFEX IREN-USD	+0.0049%	1h	47.290	−0.042%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.275	−0.074%	$608K	$176K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.340	+0.063%	$748K	$453K	20x	as long as short
Binance IRENUSDTshort	+0.0101%	8h	47.330	+0.042%	$3.5M	$6.3M	25x
GRVT IREN_USDT_Perp	+0.0177%	8h	47.350	+0.085%	$4K	$241K	10x	as long as short
Phoenix IREN	+0.0321%	1h	47.357	+0.099%	$89	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0336%	1h	47.311	+0.002%	$3.2M	$2.1M	10x	as long as short