IREN

Alert

Funding spread now, next payment 18:00 UTC−0.0351%/8h

paid, last 24h−0.111%paid, last 5 days−0.277%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix IREN	48.605	0.0351	pay 0.0044% / 1h	6m 17s	$89	$38K	10x
Short	SunX IREN-USDT	48.650	0	get 0.0000% / 8h	5h 06m	$836	$385K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee SunXbpOrdersRate

Funding earned: −$73.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 5 bp × 2 orders: −$10
Net: −$90.65
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 32 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.093%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 SunX live order book, 32 min ago	47.60 bp	67.3 bp −$67	doesn't fit	doesn't fit	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 17 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster IRENUSDT	0.0000%	8h	$29K	$3K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	$3.6M	$6.3M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	$1.2M	$471K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	$684K	$629K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	$725K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	$2.0M	$480K	20x	as long as short
Variational Omni IREN	0.0000%	8h	$176K	$48K	—	as long as short
SunX IREN-USDTshort	0.0000%	8h	$836	$385K	10x
HTX IREN-USDT	0.0000%	8h	$9K	$614	20x	as long as short
QFEX IREN-USD	+0.0014%	1h	$1.2M	$1.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH IREN	+0.0032%	1h	$68K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	$4K	$6K	5x	as long as short
Vest IREN-USD-PERP	+0.0046%	1h	—	$6K	10x	as long as short
Paragon para:IREN	+0.0060%	1h	$638K	$146K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	$764K	$134K	20x	as long as short
tradeXYZ xyz:IREN	+0.0298%	1h	$3.6M	$1.6M	10x	as long as short
Phoenix IRENlong	+0.0351%	1h	$89	$38K	10x