Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.122%
Price spread now: Lighter RH against Gate+0.040%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.040%, 7d avg +0.080%
=Together, before fees−0.157%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.080%). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, 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 | 47.450 | 0 | get 0.0000% / 8h | 13m 00s | $738K | $1.5M | 25x |
| Short | Lighter RH IREN | 47.469 | 0.0032 | get 0.0004% / 1h | 13m 00s | $68K | $111K | 10x |
Gate IREN_USDT
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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
- $6.72
- Price spread: +0.040% → +0.080%
- −$3.95
- Slippage, 4 orders
- −$42.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$55.13
- Costs to cover
- 0.579%
- Break-even
- 64.4 days
Slippage from Gate: live order book, 4 min ago; Lighter RH: live order book, 64 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 | 3.16 bp | 15.3 bp −$15 | 42.0 bp −$420 | 68.4 bp −$6,843 | doesn't fit |
| Sell Lighter RH live order book, 64 min ago | 3.79 bp | 6.4 bp −$6 | 65.8 bp −$658 | doesn't fit | doesn't fit |
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 | 47.440 | −0.022% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.466 | +0.033% | $3.5M | $6.5M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.420 | −0.063% | $1.2M | $485K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.440 | −0.021% | $662K | $667K | 25x | as long as short |
| Gate IREN_USDTlong | 0.0000% | 8h | 47.450 | long leg | $738K | $1.5M | 25x | |
| Bitget IRENUSDT | 0.0000% | 8h | 47.414 | −0.076% | $2.0M | $497K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.468 | +0.038% | $207K | $88K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | +0.021% | $771 | $385K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.430 | −0.042% | $9K | $717 | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0002% | 8h | 47.462 | +0.026% | $4K | $189K | 10x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
GRVT IREN_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0003% | 1h | 47.370 | −0.169% | — | $15K | 10x | as long as short |
| Lighter RH IRENshort | +0.0032% | 1h | 47.469 | +0.040% | $68K | $111K | 10x | |
| QFEX IREN-USD | +0.0032% | 1h | 47.440 | −0.021% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.400 | −0.105% | $4K | $8K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.421 | −0.060% | $637K | $147K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.460 | +0.021% | $746K | $154K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0247% | 1h | 47.435 | −0.032% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0388% | 1h | 47.456 | +0.013% | $87 | $38K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN