Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.154%
Price spread now: Bybit against Lighter RH−0.103%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.103%, 7d avg −0.110%
=Together, before fees+0.095%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.469 | 0.0032 | pay 0.0004% / 1h | 12m 55s | $68K | $111K | 10x |
| Short | Bybit IRENUSDT | 47.420 | 0 | get 0.0000% / 8h | 12m 55s | $1.2M | $485K | 25x |
Lighter RH IREN
Bybit IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter RH. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: −0.103% → −0.110%
- $0.72
- Slippage, 4 orders
- −$51.63
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$68.62
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 64 min ago; Bybit: live order book, 3 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 Lighter RH live order book, 64 min ago | 3.79 bp | 5.6 bp −$6 | 87.0 bp −$870 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.11 bp | 22.3 bp −$22 | 108.1 bp −$1,081 | 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 | 47.440 | −0.062% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.466 | −0.007% | $3.5M | $6.5M | 25x | as long as short |
| Bybit IRENUSDTshort | 0.0000% | 8h | 47.420 | −0.103% | $1.2M | $485K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.440 | −0.061% | $662K | $667K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | −0.040% | $738K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.414 | −0.116% | $2.0M | $497K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.468 | −0.002% | $207K | $88K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | −0.019% | $771 | $385K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.430 | −0.082% | $9K | $717 | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0002% | 8h | 47.462 | −0.014% | $4K | $189K | 10x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
GRVT IREN_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0003% | 1h | 47.370 | −0.209% | — | $15K | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 47.469 | long leg | $68K | $111K | 10x | |
| QFEX IREN-USD | +0.0032% | 1h | 47.440 | −0.061% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.400 | −0.145% | $4K | $8K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.421 | −0.100% | $637K | $147K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.460 | −0.019% | $746K | $154K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0247% | 1h | 47.435 | −0.072% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0388% | 1h | 47.456 | −0.027% | $87 | $38K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN