Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.007%
Price spread now: Paragon against Lighter RH−0.169%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paragon is 0.169% cheaper against Lighter RH than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, 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 | 46.750 | 0.0128 | pay 0.0016% / 1h | 24m 22s | $70K | $96K | 10x |
| Short | Paragon para:IREN | 46.671 | 0.0060 | get 0.0008% / 1h | 24m 22s | $600K | $182K | 10x |
Lighter RH IREN
Paragon para:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- −$14.28
- Price spread: −0.169% → 0.000%
- −$16.94
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$41.22
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; Paragon: live order book, 41 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 Lighter RH no order-book sample | — | — | — | — | — |
| Sell Paragon live order book, 41 min ago | 21.29 bp | 26.3 bp −$26 | 51.0 bp −$510 | doesn't fit | doesn't fit |
Lighter RH: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0356% | 8h | 46.702 | −0.103% | $2.1M | $526K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0005% | 1h | 46.630 | −0.257% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.741 | −0.020% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.737 | −0.029% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.730 | −0.043% | $1.2M | $550K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.720 | −0.064% | $622K | $690K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.750 | 0.000% | $716K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.722 | −0.060% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.702 | −0.102% | $4K | $217K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.710 | −0.086% | $881 | $342K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.660 | −0.193% | $9K | $866 | 20x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 46.750 | 0.000% | $1.2M | $1.6M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.690 | −0.128% | $4K | $7K | 5x | as long as short |
| Paragon para:IRENshort | +0.0060% | 1h | 46.671 | −0.169% | $600K | $182K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.710 | −0.086% | $734K | $255K | 20x | as long as short |
| Lighter RH IRENlong | +0.0128% | 1h | 46.750 | long leg | $70K | $96K | 10x | |
| tradeXYZ xyz:IREN | +0.0130% | 1h | 46.714 | −0.077% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0341% | 1h | 46.675 | −0.160% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN