IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against QFEX−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.063% cheaper against QFEX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IREN-USD	47.410	0.0011	pay 0.0001% / 1h	41m 10s	$1.2M	$1.5M	10x
Short	Extended IREN_24_5-USD	47.380	0.0040	get 0.0005% / 1h	41m 10s	$4K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against QFEX. 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 QFEXbpFee ExtendedbpOrdersPrice spread, now −0.063%Rate

Funding earned: $6.17
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.16
Costs to cover: 0.150%
Break-even: 24.2 days

Slippage unknown: QFEX: live order book, 10 min ago; Extended: 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 QFEX live order book, 10 min ago	2.11 bp	9.6 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	47.436	+0.054%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.410	0.000%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.400	−0.021%	$1.2M	$538K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.460	+0.105%	$661K	$635K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.410	0.000%	$720K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.420	+0.021%	$2.1M	$495K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.497	+0.183%	$212K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.458	+0.101%	$5K	$198K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.420	+0.021%	$970	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.400	−0.021%	$9K	$817	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-USDlong	+0.0011%	1h	47.410	long leg	$1.2M	$1.5M	10x
Vest IREN-USD-PERP	+0.0018%	1h	47.350	−0.127%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.464	+0.114%	$68K	$94K	10x	as long as short
Extended IREN_24_5-USDshort	+0.0040%	1h	47.380	−0.063%	$4K	$7K	5x
tradeXYZ xyz:IREN	+0.0068%	1h	47.399	−0.023%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.410	0.000%	$746K	$224K	20x	as long as short
Paragon para:IREN	+0.0118%	1h	47.380	−0.063%	$609K	$182K	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.440	+0.063%	$84	$31K	10x	as long as short