Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$2.40 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Variational Omni−0.170%7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.253%−$25 · spread now −0.170%, 7d avg −0.092%
=Together, before fees−0.301%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.078% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 per $10,000. 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 | Variational Omni IREN | 46.911 | 0 | get 0.0000% / 8h | 35m 59s | $191K | $92K | — |
| Short | Bitget IRENUSDT | 46.831 | −0.0240 | pay 0.0240% / 8h | 35m 59s | $2.1M | $538K | 20x |
Variational Omni IREN
Bitget IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Variational Omni. 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
- −$50.4
- Price spread: −0.170% → −0.092%
- −$7.78
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$70.18
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bitget: live order book, 1 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 Variational Omni RFQ quote, 3 min ago | 5.25 bp | doesn't fit | 70.2 bp −$702 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.13 bp | 19.7 bp −$20 | 157.8 bp −$1,578 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDTshort | −0.0240% | 8h | 46.831 | −0.170% | $2.1M | $538K | 20x | |
| Vest IREN-USD-PERP | −0.0001% | 1h | 46.770 | −0.300% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.894 | −0.036% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.870 | −0.087% | $3.5M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 46.840 | −0.151% | $1.2M | $552K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.910 | −0.002% | $626K | $690K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.910 | −0.002% | $754K | $1.2M | 25x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 46.911 | long leg | $191K | $92K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.889 | −0.046% | $5K | $219K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.860 | −0.108% | $1K | $337K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.840 | −0.151% | $9K | $880 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.820 | −0.194% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.820 | −0.194% | $1.2M | $1.5M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.810 | −0.214% | $602K | $177K | 10x | as long as short |
| Lighter RH IREN | +0.0072% | 1h | 46.883 | −0.059% | $70K | $97K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.870 | −0.087% | $737K | $264K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0143% | 1h | 46.841 | −0.149% | $3.1M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0308% | 1h | 46.826 | −0.181% | $86 | $31K | 10x | as long as short |
HTX IREN-USDT
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN