IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.010%

Price spread now: QFEX against Paragon+0.021%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.726% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now +0.021%, 7d avg +0.021%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:IREN	47.280	0.0131	pay 0.0016% / 1h	38m 16s	$608K	$182K	10x
Short	QFEX IREN-USD	47.290	0.0011	get 0.0001% / 1h	38m 16s	$1.2M	$1.5M	10x

Funding history

latest

Range statsloading…

QFEX against Paragon. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ParagonbpFee QFEXbpOrdersPrice spread, now +0.021%Rate

Slippage from Paragon: live order book, 47 min ago; QFEX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paragon live order book, 47 min ago	21.97 bp	27.1 bp −$27	46.4 bp −$464	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	3.16 bp	10.3 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit

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	47.338	+0.123%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.310	+0.063%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.280	0.000%	$1.2M	$539K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.290	+0.021%	$650K	$648K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.330	+0.106%	$719K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.295	+0.032%	$2.1M	$496K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.412	+0.279%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.438	+0.335%	$4K	$199K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.420	+0.296%	$970	$354K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.370	+0.190%	$9K	$819	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USDshort	+0.0011%	1h	47.290	+0.021%	$1.2M	$1.5M	10x
Vest IREN-USD-PERP	+0.0017%	1h	47.230	−0.106%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.255	−0.053%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0048%	1h	47.350	+0.148%	$68K	$95K	10x	as long as short
tradeXYZ xyz:IREN	+0.0069%	1h	47.286	+0.013%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.290	+0.021%	$744K	$224K	20x	as long as short
Paragon para:IRENlong	+0.0131%	1h	47.280	long leg	$608K	$182K	10x
Phoenix IREN	+0.0286%	1h	47.410	+0.275%	$85	$31K	10x	as long as short