Funding you earn now, next payment 09:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter RH−0.205%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−0.092%−$9 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 −$10 a day on $10k at the current rate, and SunX is 0.205% cheaper against Lighter RH than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 46.906 | 0.0320 | pay 0.0040% / 1h | 59m 15s | $70K | $96K | 10x |
| Short | SunX IREN-USDT | 46.810 | 0 | get 0.0000% / 8h | 7h 59m | $990 | $331K | 10x |
Lighter RH IREN
SunX IREN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$67.2
- Price spread: −0.205% → 0.000%
- −$20.47
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$95.67
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; SunX: live order book, 52 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 SunX live order book, 52 min ago | 47.02 bp | 75.6 bp −$76 | doesn't fit | 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 | −0.0182% | 8h | 46.769 | −0.292% | $2.1M | $548K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0004% | 1h | 46.790 | −0.247% | — | $15K | 10x | as long as short |
| Paragon para:IREN | −0.0001% | 1h | 46.693 | −0.455% | $601K | $177K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.892 | −0.030% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.856 | −0.106% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.810 | −0.205% | $1.2M | $557K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.840 | −0.141% | $626K | $656K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.780 | −0.269% | $821K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.749 | −0.335% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.750 | −0.332% | $5K | $222K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Paragon para:IREN
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IREN-USDTshort | 0.0000% | 8h | 46.810 | −0.205% | $990 | $331K | 10x | |
| HTX IREN-USDT | 0.0000% | 8h | 46.730 | −0.375% | $9K | $878 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.705 | −0.429% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.790 | −0.247% | $1.2M | $1.5M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.780 | −0.269% | $737K | $282K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0264% | 1h | 46.813 | −0.198% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0308% | 1h | 46.715 | −0.407% | $85 | $31K | 10x | as long as short |
| Lighter RH IRENlong | +0.0320% | 1h | 46.906 | long leg | $70K | $96K | 10x |
HTX IREN-USDT
Extended IREN_24_5-USD
QFEX IREN-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN