Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX−0.028%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IREN-USDT	46.780	0	get 0.0000% / 8h	1h 16m	$882	$340K	10x
Short	Aster IRENUSDT	46.767	0	get 0.0000% / 8h	1h 16m	$24K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → 0.000%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.78
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 44 min ago; Aster: 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 SunX live order book, 44 min ago	47.88 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Bitget IRENUSDT	−0.0338%	8h	46.751	−0.062%	$2.1M	$526K	20x	as long as short
Vest IREN-USD-PERP	−0.0004%	1h	46.710	−0.150%	—	$15K	10x	as long as short
Aster IRENUSDTshort	0.0000%	8h	46.767	−0.028%	$24K	$9K	20x
Binance IRENUSDT	0.0000%	8h	46.716	−0.137%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.780	0.000%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.740	−0.086%	$623K	$691K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.820	+0.086%	$718K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.792	+0.025%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.780	−0.001%	$5K	$218K	10x	as long as short
SunX IREN-USDTlong	0.0000%	8h	46.780	long leg	$882	$340K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.750	−0.064%	$9K	$871	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.770	−0.021%	$1.2M	$1.6M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.680	−0.214%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.770	−0.022%	$602K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.770	−0.021%	$736K	$258K	20x	as long as short
Lighter RH IREN	+0.0104%	1h	46.736	−0.094%	$70K	$98K	10x	as long as short
tradeXYZ xyz:IREN	+0.0131%	1h	46.769	−0.024%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.793	+0.028%	$83	$31K	10x	as long as short