Funding you earn now, next payment 03:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.017%
Price spread now: Gate against tradeXYZ−0.004%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now −0.004%, 7d avg +0.020%
=Together, before fees−0.314%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.492 | 0.0358 | pay 0.0045% / 1h | 21m 21s | $3.2M | $1.9M | 10x |
| Short | Gate IREN_USDT | 47.490 | 0 | get 0.0000% / 8h | 5h 21m | $720K | $1.2M | 25x |
tradeXYZ xyz:IREN
Gate IREN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.27
- Price spread: −0.004% → +0.020%
- −$2.45
- Slippage, 4 orders
- −$44.24
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$154.95
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Gate: live order book, 1 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 tradeXYZ live order book, 5 min ago | 2.63 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.16 bp | 31.4 bp −$31 | 80.5 bp −$805 | 123.2 bp −$12.3K | 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 | 47.552 | +0.127% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.503 | +0.023% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.460 | −0.067% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.490 | −0.004% | $647K | $621K | 25x | as long as short |
| Gate IREN_USDTshort | 0.0000% | 8h | 47.490 | −0.004% | $720K | $1.2M | 25x | |
| Bitget IRENUSDT | 0.0000% | 8h | 47.428 | −0.135% | $2.0M | $428K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | −0.088% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.461 | −0.065% | $4K | $183K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.490 | −0.004% | $993 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | −0.046% | $9K | $782 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0009% | 1h | 47.390 | −0.215% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.480 | −0.025% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.512 | +0.042% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.445 | −0.099% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.422 | −0.148% | $610K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.450 | −0.088% | $746K | $206K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.454 | −0.080% | $85 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0358% | 1h | 47.492 | long leg | $3.2M | $1.9M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN