IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%

Price spread now: OKX against Lighter RH−0.086%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.449% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.086%, 7d avg −0.090%

Together, before fees−0.008%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH IREN	47.601	0.0032	pay 0.0004% / 1h	59m 08s	$68K	$96K	10x
Short	OKX IREN-USDT-SWAP	47.560	0	get 0.0000% / 8h	6h 59m	$658K	$632K	25x

Funding history

latest

Range statsloading…

OKX against Lighter RH. 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 Lighter RHbpFee OKXbpOrdersPrice spread, now −0.086%Rate

Slippage from Lighter RH: live order book, 8 min ago; OKX: live order book, 7 min ago.

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, 8 min ago	5.25 bp	7.4 bp −$7	92.6 bp −$926	doesn't fit	doesn't fit
Sell OKX live order book, 7 min ago	4.20 bp	14.2 bp −$14	830.4 bp −$8,304	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
Aster IRENUSDT	0.0000%	8h	47.716	+0.241%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.550	−0.107%	$1.2M	$527K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	47.560	−0.086%	$658K	$632K	25x
Gate IREN_USDT	0.0000%	8h	47.550	−0.107%	$736K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.546	−0.116%	$2.0M	$436K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.602	+0.001%	$210K	$87K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.590	−0.023%	$966	$359K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.580	−0.044%	$9K	$746	20x	as long as short
Vest IREN-USD-PERP	+0.0003%	1h	47.500	−0.212%	—	$15K	10x	as long as short
Lighter RH IRENlong	+0.0032%	1h	47.601	long leg	$68K	$96K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IREN_24_5-USD	+0.0040%	1h	47.560	−0.086%	$4K	$8K	5x	as long as short
QFEX IREN-USD	+0.0045%	1h	47.540	−0.128%	$1.2M	$1.9M	10x	as long as short
Binance IRENUSDT	+0.0067%	8h	47.570	−0.065%	$3.5M	$6.2M	25x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.580	−0.044%	$748K	$170K	20x	as long as short
GRVT IREN_USDT_Perp	+0.0103%	8h	47.630	+0.061%	$5K	$182K	10x	as long as short
tradeXYZ xyz:IREN	+0.0130%	1h	47.562	−0.082%	$3.2M	$1.9M	10x	as long as short
Paragon para:IREN	+0.0262%	1h	47.550	−0.107%	$639K	$146K	10x	as long as short
Phoenix IREN	+0.0337%	1h	47.590	−0.023%	$86	$31K	10x	as long as short