IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against KuCoin−0.022%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1471.471% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 4 days (all we have)−0.571%−$57 · spread now −0.022%, 7d avg −0.009%

Together, before fees−0.839%−$84 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, 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	46.300	0.0100	pay 0.0100% / 8h	7h 33m	$731K	$308K	20x
Short	OKX IREN-USDT-SWAP	46.290	0	get 0.0000% / 8h	7h 33m	$619K	$649K	25x

Funding history

latest

Range statsloading…

OKX 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 OKXbpOrdersPrice spread, now −0.022%Rate

Slippage from KuCoin: live order book, 20 min ago; OKX: live order book, 62 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, 20 min ago	15.04 bp	60.0 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	4.27 bp	25.8 bp −$26	doesn't fit	doesn't fit	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	−0.0126%	8h	46.229	−0.153%	$2.0M	$650K	20x	as long as short
Paragon para:IREN	−0.0096%	1h	46.242	−0.125%	$595K	$177K	10x	as long as short
Vest IREN-USD-PERP	−0.0017%	1h	46.170	−0.281%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.298	−0.003%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.264	−0.077%	$3.5M	$6.3M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.240	−0.130%	$1.2M	$570K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	46.290	−0.022%	$619K	$649K	25x
Gate IREN_USDT	0.0000%	8h	46.270	−0.065%	$810K	$1.3M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.347	+0.102%	$181K	$101K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.447	+0.318%	$4K	$223K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX IREN-USDT	0.0000%	8h	46.420	+0.259%	$1K	$326K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	46.270	−0.065%	$9K	$873	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.264	−0.078%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.240	−0.130%	$1.2M	$1.5M	10x	as long as short
Lighter RH IREN	+0.0072%	1h	46.330	+0.065%	$69K	$98K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	46.300	long leg	$731K	$308K	20x
tradeXYZ xyz:IREN	+0.0201%	1h	46.245	−0.119%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.387	+0.188%	$82	$31K	10x	as long as short