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: Variational Omni against KuCoin+0.057%7-day average −0.001% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.057%, 7d avg −0.001%

Together, before fees−0.196%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against KuCoin than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.001%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IRENUSDTM	46.950	0.0100	pay 0.0100% / 8h	2h 10m	$738K	$251K	20x
Short	Variational Omni IREN	46.977	0	get 0.0000% / 8h	2h 10m	$192K	$102K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → −0.001%: $5.81
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 64 min ago; Variational Omni: RFQ quote, 39 min ago. Net counts fees only.

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, 64 min ago	5.29 bp	44.8 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	5.24 bp	doesn't fit	44.1 bp −$441	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
Bitget IRENUSDT	−0.0395%	8h	46.943	−0.015%	$2.1M	$520K	20x	as long as short
Vest IREN-USD-PERP	−0.0008%	1h	46.880	−0.149%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	47.010	+0.128%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.980	+0.064%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.990	+0.085%	$1.2M	$553K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.000	+0.106%	$626K	$691K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.000	+0.106%	$720K	$1.2M	25x	as long as short
Variational Omni IRENshort	0.0000%	8h	46.977	+0.057%	$192K	$102K	—
GRVT IREN_USDT_Perp	0.0000%	8h	46.858	−0.196%	$5K	$210K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.990	+0.085%	$986	$346K	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	46.940	−0.021%	$9K	$848	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.935	−0.032%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.940	−0.021%	$1.2M	$1.6M	10x	as long as short
Lighter RH IREN	+0.0056%	1h	46.993	+0.092%	$70K	$98K	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.941	−0.020%	$604K	$182K	10x	as long as short
KuCoin IRENUSDTMlong	+0.0100%	8h	46.950	long leg	$738K	$251K	20x
tradeXYZ xyz:IREN	+0.0201%	1h	46.963	+0.028%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	46.840	−0.234%	$87	$31K	10x	as long as short