Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against Gate0.000%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$750.753% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days−0.019%−$2 · spread now 0.000%, 7d avg −0.013%
Together, before fees−0.031%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IREN_USDT47.3900get 0.0000% / 8h6h 18m$724K$1.2M25x
ShortBybit IRENUSDT47.3900get 0.0000% / 8h6h 18m$1.2M$524K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: 0.000% → −0.013%
$1.27
Slippage, 4 orders
−$49.25
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$73.98
Costs to cover
0.753%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago4.22 bp15.4 bp −$1544.4 bp −$44475.1 bp −$7,510doesn't fit
Sell Bybit live order book, 2 min ago2.11 bp16.7 bp −$17100.7 bp −$1,007doesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.487+0.205%$29K$4K20xas long as short
Bybit IRENUSDTshort0.0000%8h47.3900.000%$1.2M$524K25x
OKX IREN-USDT-SWAP0.0000%8h47.3900.000%$646K$634K25xas long as short
Gate IREN_USDTlong0.0000%8h47.390long leg$724K$1.2M25x
Bitget IRENUSDT0.0000%8h47.380−0.021%$2.0M$436K20xas long as short
Variational Omni IREN0.0000%8h47.371−0.040%$209K$84Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.372−0.038%$4K$180K10xas long as short
SunX IREN-USDT0.0000%8h47.380−0.021%$861$359K10xas long as short
HTX IREN-USDT0.0000%8h47.250−0.295%$9K$75920xas long as short
Binance IRENUSDT+0.0003%8h47.410+0.042%$3.4M$6.2M25xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0004%1h47.320−0.148%$15K10xas long as short
QFEX IREN-USD+0.0029%1h47.3900.000%$1.2M$1.8M10xas long as short
Lighter RH IREN+0.0032%1h47.411+0.044%$69K$99K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.375−0.032%$4K$7K5xas long as short
KuCoin IRENUSDTM+0.0100%8h47.380−0.021%$745K$185K20xas long as short
tradeXYZ xyz:IREN+0.0246%1h47.400+0.021%$3.2M$1.9M10xas long as short
Paragon para:IREN+0.0304%1h47.360−0.063%$599K$172K10xas long as short
Phoenix IREN+0.0353%1h47.439+0.103%$88$31K10xas long as short