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 +0.033%

Price spread now: Gate against KuCoin+0.021%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2082.081% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.021%, 7d avg +0.001%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, 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	46.870	0.0100	pay 0.0100% / 8h	32m 47s	$737K	$264K	20x
Short	Gate IREN_USDT	46.880	0	get 0.0000% / 8h	32m 47s	$753K	$1.2M	25x

Funding history

latest

Range statsloading…

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Slippage from KuCoin: live order book, 32 min ago; Gate: live order book, 4 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, 32 min ago	7.48 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.47 bp	77.2 bp −$77	101.9 bp −$1,019	133.5 bp −$13.4K	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
Bitget IRENUSDT	−0.0233%	8h	46.824	−0.098%	$2.1M	$538K	20x	as long as short
Vest IREN-USD-PERP	−0.0001%	1h	46.750	−0.256%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.890	+0.044%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.878	+0.016%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.830	−0.085%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.870	0.000%	$626K	$689K	25x	as long as short
Gate IREN_USDTshort	0.0000%	8h	46.880	+0.021%	$753K	$1.2M	25x
Variational Omni IREN	0.0000%	8h	46.861	−0.019%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.885	+0.033%	$5K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.860	−0.021%	$1K	$334K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.840	−0.064%	$9K	$877	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.815	−0.117%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.860	−0.021%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.809	−0.130%	$602K	$177K	10x	as long as short
Lighter RH IREN	+0.0088%	1h	46.888	+0.038%	$70K	$97K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	46.870	long leg	$737K	$264K	20x
tradeXYZ xyz:IREN	+0.0154%	1h	46.843	−0.058%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.861	−0.019%	$83	$31K	10x	as long as short