Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.008%

Price spread now: HTX against Vest+0.190%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.190% dearer against Vest than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest IREN-USD-PERP	47.380	0.0009	pay 0.0001% / 1h	21m 40s	—	$15K	10x
Short	HTX IREN-USDT	47.470	0	get 0.0000% / 8h	5h 21m	$9K	$782	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee HTXbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$1.88
Price spread: +0.190% → 0.000%: $19
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: $3.11
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; HTX: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Vest and HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	47.552	+0.363%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.489	+0.230%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.450	+0.148%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.400	+0.042%	$646K	$620K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.470	+0.190%	$720K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.428	+0.101%	$2.0M	$428K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.450	+0.148%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.455	+0.159%	$4K	$182K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.460	+0.169%	$953	$358K	10x	as long as short
HTX IREN-USDTshort	0.0000%	8h	47.470	+0.190%	$9K	$782	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERPlong	+0.0009%	1h	47.380	long leg	—	$15K	10x
QFEX IREN-USD	+0.0026%	1h	47.440	+0.127%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.512	+0.279%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.445	+0.137%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.422	+0.088%	$610K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.450	+0.148%	$747K	$206K	20x	as long as short
Phoenix IREN	+0.0355%	1h	47.446	+0.139%	$89	$31K	10x	as long as short
tradeXYZ xyz:IREN	+0.0358%	1h	47.481	+0.213%	$3.2M	$1.9M	10x	as long as short