IREN

Alert

Funding spread now, next payment 19:00 UTC−0.0271%/8h

paid, last 24h−0.005%paid, last 7 days−0.074%to open and close $10k−$107

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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	48.017	0.0371	pay 0.0046% / 1h	42m 46s	$3.6M	$1.6M	10x
Short	KuCoin IRENUSDTM	47.980	0.0100	get 0.0100% / 8h	5h 42m	$753K	$133K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee KuCoinbpOrdersRate

Funding earned: −$56.91
Slippage, 4 orders: −$77
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$163.91
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; KuCoin: live order book, 18 min ago.

Price risk

price view

Price gap now: −0.077%
Avg gap 7d: +0.019%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 6 min ago	2.19 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	8.33 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit

IREN on 17 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster IRENUSDT	0.0000%	8h	$28K	$2K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	$3.6M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	$1.2M	$459K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	$680K	$611K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	$717K	$1.5M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	$2.0M	$472K	20x	as long as short
Variational Omni IREN	0.0000%	8h	$171K	$46K	—	as long as short
SunX IREN-USDT	0.0000%	8h	$976	$384K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	$9K	$601	20x	as long as short
QFEX IREN-USD	+0.0014%	1h	$1.2M	$1.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0032%	1h	—	$6K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	$68K	$94K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	$4K	$6K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	$630K	$145K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	$753K	$133K	20x
Phoenix IREN	+0.0351%	1h	$87	$38K	10x	as long as short
tradeXYZ xyz:IRENlong	+0.0371%	1h	$3.6M	$1.6M	10x