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 −0.030%

Price spread now: SunX against KuCoin+0.021%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2522.518% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.021%, 7d avg −0.013%

Together, before fees−0.700%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IRENUSDTM	47.450	0.0100	pay 0.0100% / 8h	5h 21m	$747K	$206K	20x
Short	SunX IREN-USDT	47.460	0	get 0.0000% / 8h	5h 21m	$953	$358K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee SunXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → −0.013%: $3.37
Slippage, 4 orders: −$231.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$269.41
Costs to cover: 2.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 9 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 KuCoin live order book, 3 min ago	9.48 bp	67.5 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	48.42 bp	68.6 bp −$69	doesn't fit	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	47.552	+0.215%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.489	+0.082%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.450	0.000%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.400	−0.105%	$646K	$620K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.470	+0.042%	$720K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.428	−0.046%	$2.0M	$428K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.450	+0.001%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.455	+0.011%	$4K	$182K	10x	as long as short
SunX IREN-USDTshort	0.0000%	8h	47.460	+0.021%	$953	$358K	10x
HTX IREN-USDT	0.0000%	8h	47.470	+0.042%	$9K	$782	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	+0.0009%	1h	47.380	−0.148%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.440	−0.021%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.512	+0.131%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.445	−0.011%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.422	−0.060%	$610K	$182K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	47.450	long leg	$747K	$206K	20x
Phoenix IREN	+0.0355%	1h	47.446	−0.008%	$89	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0358%	1h	47.481	+0.065%	$3.2M	$1.9M	10x	as long as short