IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0304%/8h= +33.2% APRnext payment +$0.38 per $10,000 · paid last 24h +0.072%

Price spread now: tradeXYZ against QFEX−0.042%7-day average +0.032% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.171%+$17 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.042%, 7d avg +0.032%

Together, before fees+0.305%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.074% cheaper against QFEX than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.032%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX IREN-USD	47.540	0.0026	pay 0.0003% / 1h	59m 49s	$1.2M	$1.7M	10x
Short	tradeXYZ xyz:IREN	47.520	0.0329	get 0.0041% / 1h	59m 49s	$3.2M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.042%Rate

Funding earned: $63.76
Price spread: −0.042% → +0.032%: −$7.39
Slippage, 4 orders: −$20.54
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $7.84
Costs to cover: 0.485%
Break-even: 6.1 days

Slippage from QFEX: live order book, 2 min ago; tradeXYZ: live order book, 8 min ago.

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, 2 min ago	2.10 bp	11.3 bp −$11	18.5 bp −$185	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	2.31 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	47.591	+0.107%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.550	+0.021%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.520	−0.042%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.550	+0.021%	$648K	$621K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.540	0.000%	$722K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.495	−0.095%	$2.0M	$419K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.551	+0.023%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.530	−0.021%	$4K	$186K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.520	−0.042%	$1K	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.520	−0.042%	$9K	$791	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-PERP	+0.0010%	1h	47.450	−0.189%	—	$15K	10x	as long as short
QFEX IREN-USDlong	+0.0026%	1h	47.540	long leg	$1.2M	$1.7M	10x
Lighter RH IREN	+0.0032%	1h	47.564	+0.050%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.505	−0.074%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.500	−0.084%	$611K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.540	0.000%	$747K	$211K	20x	as long as short
tradeXYZ xyz:IRENshort	+0.0329%	1h	47.520	−0.042%	$3.2M	$1.9M	10x
Phoenix IREN	+0.0355%	1h	47.579	+0.082%	$90	$31K	10x	as long as short