Funding you earn now, next payment 03:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.080%
Price spread now: Variational Omni against tradeXYZ−0.010%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.010%, 7d avg +0.008%
=Together, before fees−0.094%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -8.4% 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 | 47.455 | 0.0356 | pay 0.0045% / 1h | 21m 49s | $3.2M | $1.9M | 10x |
| Short | Variational Omni IREN | 47.450 | 0 | get 0.0000% / 8h | 5h 21m | $210K | $85K | — |
tradeXYZ xyz:IREN
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$74.78
- Price spread: −0.010% → +0.008%
- −$1.82
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$94.6
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; Variational Omni: RFQ quote, 42 min ago. 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, 5 min ago | 2.63 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 42 min ago | 5.21 bp | doesn't fit | 50.4 bp −$504 | 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 | 47.539 | +0.178% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.487 | +0.066% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.450 | −0.011% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | −0.116% | $646K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.470 | +0.032% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.428 | −0.057% | $2.0M | $428K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.450 | −0.010% | $210K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.455 | +0.001% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | +0.011% | $953 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | +0.032% | $9K | $782 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | 47.380 | −0.158% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.440 | −0.032% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.493 | +0.080% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.445 | −0.021% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.423 | −0.068% | $610K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.440 | −0.032% | $747K | $206K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.446 | −0.019% | $89 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0356% | 1h | 47.455 | 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