Funding you earn now, next payment 09:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: QFEX against Lighter RH−0.291%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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. QFEX is 0.291% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.291% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 27 days of funding at the current rate (+$1 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 46.666 | 0.0032 | pay 0.0004% / 1h | 19m 47s | $70K | $98K | 10x |
| Short | QFEX IREN-USD | 46.530 | 0.0068 | get 0.0009% / 1h | 19m 47s | $1.2M | $1.5M | 10x |
Lighter RH IREN
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $7.64
- Price spread: −0.291% → 0.000%
- −$29.14
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.5
- Costs to cover
- 0.100%
- Break-even
- 35.8 days
Slippage unknown: Lighter RH: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago | 4.29 bp | 9.3 bp −$9 | 21.3 bp −$213 | 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 | −0.0091% | 8h | 46.622 | −0.094% | $2.1M | $654K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0025% | 1h | 46.460 | −0.441% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.742 | +0.163% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.660 | −0.013% | $3.5M | $6.4M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.650 | −0.034% | $1.2M | $572K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.690 | +0.051% | $623K | $664K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.610 | −0.120% | $804K | $1.4M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.598 | −0.145% | $181K | $101K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.270 | −0.849% | $5K | $223K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.600 | −0.141% | $836 | $326K | 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 | 46.540 | −0.270% | $9K | $874 | 20x | as long as short |
| Paragon para:IREN | +0.0030% | 1h | 46.635 | −0.066% | $600K | $177K | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 46.666 | long leg | $70K | $98K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.560 | −0.227% | $4K | $4K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0068% | 1h | 46.530 | −0.291% | $1.2M | $1.5M | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.590 | −0.163% | $737K | $322K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0112% | 1h | 46.641 | −0.054% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0342% | 1h | 46.192 | −1.016% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
Paragon para:IREN
Extended IREN_24_5-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN