IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: Vest against Lighter RH−0.188%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.188% cheaper against Lighter RH than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH IREN	47.429	0.0032	pay 0.0004% / 1h	14m 44s	$69K	$99K	10x
Short	Vest IREN-USD-PERP	47.340	0.0004	get 0.0000% / 1h	14m 44s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.188%Rate

Funding earned: −$5.9
Price spread: −0.188% → 0.000%: −$18.76
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$26.66
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 52 min ago; Vest: 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 live order book, 52 min ago	5.25 bp	7.4 bp −$7	92.6 bp −$926	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	47.501	+0.152%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.410	−0.040%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.400	−0.061%	$1.2M	$524K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.390	−0.082%	$646K	$634K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.400	−0.061%	$723K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.380	−0.103%	$2.0M	$436K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.401	−0.059%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.381	−0.101%	$5K	$180K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.410	−0.040%	$1K	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.330	−0.209%	$9K	$760	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-PERPshort	+0.0004%	1h	47.340	−0.188%	—	$15K	10x
QFEX IREN-USD	+0.0029%	1h	47.400	−0.061%	$1.2M	$1.8M	10x	as long as short
Lighter RH IRENlong	+0.0032%	1h	47.429	long leg	$69K	$99K	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.370	−0.124%	$4K	$7K	5x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.400	−0.061%	$746K	$187K	20x	as long as short
tradeXYZ xyz:IREN	+0.0238%	1h	47.393	−0.076%	$3.2M	$1.9M	10x	as long as short
Paragon para:IREN	+0.0257%	1h	47.365	−0.136%	$599K	$172K	10x	as long as short
Phoenix IREN	+0.0353%	1h	47.410	−0.040%	$83	$31K	10x	as long as short