Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX0.000%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2522.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.336%+$34 on $10k
Price spread, last 4 days (all we have)+0.161%+$16 · spread now 0.000%, 7d avg +0.012%
Together, before fees+0.496%+$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX IREN-USDT47.5600get 0.0000% / 8h4h 33m$636$358K10x
ShortKuCoin IRENUSDTM47.5600.0100get 0.0100% / 8h4h 33m$748K$218K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: 0.000% → +0.012%
−$1.25
Slippage, 4 orders
−$231.79
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$232.03
Costs to cover
2.518%
Break-even
84.3 days
Slippage from SunX: live order book, 57 min ago; KuCoin: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 57 min ago48.42 bp68.0 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 51 min ago9.48 bp47.8 bp −$48doesn't fitdoesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.590+0.064%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.587+0.056%$3.5M$6.1M25xas long as short
Bybit IRENUSDT0.0000%8h47.5600.000%$1.2M$541K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.480−0.168%$645K$619K25xas long as short
Gate IREN_USDT0.0000%8h47.5600.000%$724K$1.2M25xas long as short
Bitget IRENUSDT0.0000%8h47.534−0.055%$2.0M$417K20xas long as short
Variational Omni IREN0.0000%8h47.547−0.028%$212K$87Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.5600.000%$4K$190K10xas long as short
SunX IREN-USDTlong0.0000%8h47.560long leg$636$358K10x
HTX IREN-USDT0.0000%8h47.530−0.063%$9K$79920xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0014%1h47.510−0.105%$15K10xas long as short
Lighter RH IREN+0.0032%1h47.592+0.067%$69K$94K10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.565+0.011%$4K$7K5xas long as short
QFEX IREN-USD+0.0044%1h47.550−0.021%$1.2M$1.6M10xas long as short
Paragon para:IREN+0.0060%1h47.570+0.021%$612K$182K10xas long as short
tradeXYZ xyz:IREN+0.0094%1h47.595+0.074%$3.2M$2.0M10xas long as short
KuCoin IRENUSDTMshort+0.0100%8h47.5600.000%$748K$218K20x
Phoenix IREN+0.0421%1h47.601+0.086%$87$31K10xas long as short