IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.092%

Price spread now: Phoenix against Lighter RH−0.023%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Funding pays, the price is against you. Phoenix is 0.023% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH IREN	47.120	0.0064	pay 0.0008% / 1h	4m 36s	$69K	$97K	10x
Short	Phoenix IREN	47.109	0.0286	get 0.0036% / 1h	4m 36s	$84	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 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 Lighter RHbpFee PhoenixbpOrdersPrice spread, now −0.023%Rate

Funding earned: $46.57
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.24
Costs to cover: 0.070%
Break-even: 1.4 days

Slippage unknown: Lighter RH: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Lighter RH and Phoenix: 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
Aster IRENUSDT	0.0000%	8h	47.124	+0.008%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.100	−0.042%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.080	−0.085%	$1.2M	$544K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	−0.085%	$647K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.100	−0.042%	$723K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.043	−0.163%	$2.1M	$499K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.087	−0.071%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.132	+0.026%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.130	+0.021%	$978	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.070	−0.106%	$9K	$830	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	+0.0008%	1h	46.980	−0.297%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.080	−0.085%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.030	−0.191%	$4K	$7K	5x	as long as short
Lighter RH IRENlong	+0.0064%	1h	47.120	long leg	$69K	$97K	10x
Paragon para:IREN	+0.0064%	1h	47.041	−0.167%	$605K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.080	−0.085%	$740K	$232K	20x	as long as short
tradeXYZ xyz:IREN	+0.0173%	1h	47.076	−0.093%	$3.2M	$2.0M	10x	as long as short
Phoenix IRENshort	+0.0286%	1h	47.109	−0.023%	$84	$31K	10x