Funding arb · Price arb /

IREN

RWAall IREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.080%

Price spread now: HTX against tradeXYZ0.000%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:IREN	47.520	0.0050	pay 0.0006% / 1h	59m 39s	$3.2M	$1.9M	10x
Short	HTX IREN-USDT	47.520	0	get 0.0000% / 8h	4h 59m	$9K	$791	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.5
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: 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 tradeXYZ live order book, 8 min ago	2.31 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	47.590	+0.147%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.550	+0.063%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.520	0.000%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.510	−0.021%	$648K	$621K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.530	+0.021%	$721K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.495	−0.053%	$2.0M	$419K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.551	+0.065%	$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	0.000%	$1K	$358K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.520	0.000%	$9K	$791	20x

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	−0.147%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.540	+0.042%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.555	+0.074%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.505	−0.032%	$4K	$7K	5x	as long as short
tradeXYZ xyz:IRENlong	+0.0050%	1h	47.520	long leg	$3.2M	$1.9M	10x
Paragon para:IREN	+0.0060%	1h	47.500	−0.042%	$611K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.540	+0.042%	$747K	$211K	20x	as long as short
Phoenix IREN	+0.0355%	1h	47.579	+0.124%	$90	$31K	10x	as long as short