Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.030%
Price spread now: Paragon against Variational Omni−0.146%7-day average −0.047% · 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)−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.146%, 7d avg −0.047%
=Together, before fees+0.100%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paragon is 0.099% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.047%). If the spread goes back, that is −$10 on $10k: about 5.5 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni IREN | 47.468 | 0 | get 0.0000% / 8h | 12m 48s | $207K | $88K | — |
| Short | Paragon para:IREN | 47.399 | 0.0060 | get 0.0008% / 1h | 12m 48s | $637K | $147K | 10x |
Variational Omni IREN
Paragon para:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $12.6
- Price spread: −0.146% → −0.047%
- −$9.87
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$7.27
- Costs to cover
- 0.100%
- Break-even
- 11.0 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Paragon: live order book, 53 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, 1 min ago | 5.20 bp | doesn't fit | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 53 min ago | 21.11 bp | 26.1 bp −$26 | 42.3 bp −$423 | 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 | 47.441 | −0.057% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.467 | −0.003% | $3.5M | $6.5M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.420 | −0.101% | $1.2M | $485K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.440 | −0.059% | $662K | $666K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | −0.038% | $738K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.411 | −0.120% | $2.0M | $497K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.468 | long leg | $207K | $88K | — | |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | −0.017% | $771 | $385K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.430 | −0.080% | $9K | $717 | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0002% | 8h | 47.462 | −0.012% | $4K | $189K | 10x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
SunX IREN-USDT
HTX IREN-USDT
GRVT IREN_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0003% | 1h | 47.370 | −0.207% | — | $15K | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.460 | −0.017% | $68K | $111K | 10x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 47.440 | −0.059% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.400 | −0.144% | $4K | $8K | 5x | as long as short |
| Paragon para:IRENshort | +0.0060% | 1h | 47.399 | −0.146% | $637K | $147K | 10x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.460 | −0.017% | $746K | $154K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0248% | 1h | 47.450 | −0.038% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0388% | 1h | 47.456 | −0.026% | $87 | $38K | 10x | as long as short |
Vest IREN-USD-PERP
Lighter RH IREN
QFEX IREN-USD
Extended IREN_24_5-USD
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN