IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.029%

Price spread now: Binance against KuCoin+0.040%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.040%, 7d avg +0.043%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IRENUSDTM	47.440	0.0100	pay 0.0100% / 8h	5h 24m	$746K	$205K	20x
Short	Binance IRENUSDT	47.459	0	get 0.0000% / 8h	5h 24m	$3.4M	$6.1M	25x

Funding history

latest

Range statsloading…

Binance against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Slippage from KuCoin: live order book, 75 min ago; Binance: live order book, 14 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 75 min ago	14.80 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.05 bp	14.4 bp −$14	60.5 bp −$605	445.4 bp −$44.5K	doesn't fit

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	47.529	+0.188%	$29K	$4K	20x	as long as short
Binance IRENUSDTshort	0.0000%	8h	47.459	+0.040%	$3.4M	$6.1M	25x
Bybit IRENUSDT	0.0000%	8h	47.430	−0.021%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.400	−0.084%	$646K	$620K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.450	+0.021%	$720K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.409	−0.065%	$2.0M	$429K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.450	+0.022%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.455	+0.032%	$4K	$182K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.440	0.000%	$945	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.410	−0.063%	$9K	$779	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0008%	1h	47.340	−0.211%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.430	−0.021%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.477	+0.078%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.395	−0.095%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.400	−0.084%	$609K	$182K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	47.440	long leg	$746K	$205K	20x
Phoenix IREN	+0.0355%	1h	47.446	+0.013%	$88	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0355%	1h	47.445	+0.011%	$3.2M	$1.9M	10x	as long as short