Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.072%
Price spread now: QFEX against tradeXYZ+0.042%49s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.485% of the position
Funding, last 4 days (all we have)−0.171%−$17 on $10k
+Price spread, last 7 days−0.134%−$13 · spread now +0.042%, 7d avg −0.032%
=Together, before fees−0.305%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.074% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.032%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 4 days (−0.171% in total) that is about 37 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 42s | $3.2M | $1.9M | 10x |
| Short | QFEX IREN-USD | 47.540 | 0.0026 | get 0.0003% / 1h | 59m 42s | $1.2M | $1.7M | 10x |
tradeXYZ xyz:IREN
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$5.14
- Price spread: +0.042% → −0.032%
- $7.39
- Slippage, 4 orders
- −$20.54
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$46.29
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; QFEX: live order book, 2 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, 8 min ago | 2.31 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.10 bp | 9.2 bp −$9 | 16.5 bp −$165 | doesn't fit | 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 | 47.590 | +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-USDT | 0.0000% | 8h | 47.520 | 0.000% | $9K | $791 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
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 | +0.0010% | 1h | 47.450 | −0.147% | — | $15K | 10x | as long as short |
| QFEX IREN-USDshort | +0.0026% | 1h | 47.540 | +0.042% | $1.2M | $1.7M | 10x | |
| 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 |
Vest IREN-USD-PERP
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN