Funding you earn now, next payment 04:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.041%
Price spread now: Gate against Phoenix+0.004%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 47 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 | Phoenix IREN | 47.278 | 0.0286 | pay 0.0036% / 1h | 16m 34s | $84 | $31K | 10x |
| Short | Gate IREN_USDT | 47.280 | 0 | get 0.0000% / 8h | 3h 16m | $717K | $1.2M | 25x |
Phoenix IREN
Gate IREN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phoenix. 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
- −$60.01
- Price spread: +0.004% → 0.000%
- $0.42
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$81.59
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 1 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 1 min ago | 5.29 bp | 20.1 bp −$20 | 75.0 bp −$750 | 119.2 bp −$11.9K | doesn't fit |
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 | 47.263 | −0.031% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.300 | +0.047% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.270 | −0.017% | $1.2M | $540K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.320 | +0.089% | $651K | $651K | 25x | as long as short |
| Gate IREN_USDTshort | 0.0000% | 8h | 47.280 | +0.004% | $717K | $1.2M | 25x | |
| Bitget IRENUSDT | 0.0000% | 8h | 47.264 | −0.030% | $2.1M | $497K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.292 | +0.029% | $211K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.281 | +0.005% | $4K | $203K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.280 | +0.004% | $1K | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.180 | −0.207% | $9K | $825 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0011% | 1h | 47.280 | +0.004% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERP | +0.0011% | 1h | 47.180 | −0.207% | — | $15K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.230 | −0.102% | $4K | $7K | 5x | as long as short |
| Lighter RH IREN | +0.0064% | 1h | 47.316 | +0.080% | $69K | $97K | 10x | as long as short |
| Paragon para:IREN | +0.0094% | 1h | 47.238 | −0.084% | $607K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.260 | −0.038% | $743K | $229K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0152% | 1h | 47.262 | −0.034% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IRENlong | +0.0286% | 1h | 47.278 | long leg | $84 | $31K | 10x |
QFEX IREN-USD
Vest IREN-USD-PERP
Extended IREN_24_5-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN