IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0241%/8h= +26.4% APRnext payment +$0.30 per $10,000 · paid last 24h +0.008%

Price spread now: Paragon against Vest+0.062%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 Paragon

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paragon is 0.062% dearer against Vest than usual: you sell high and buy low: +$6 more if the spread 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	47.340	0.0004	pay 0.0001% / 1h	13m 07s	—	$15K	10x
Short	Paragon para:IREN	47.369	0.0246	get 0.0031% / 1h	13m 07s	$599K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now +0.062%Rate

Funding earned: $50.7
Price spread: +0.062% → 0.000%: $6.21
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paragon: 5 bp × 2 orders: −$10
Net: $44.91
Costs to cover: 0.120%
Break-even: 0.8 days

Slippage unknown: Vest: no order-book sample; Paragon: live order book, 32 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 Vest no order-book sample	—	—	—	—	—
Sell Paragon live order book, 32 min ago	19.54 bp	24.6 bp −$25	41.8 bp −$418	doesn't fit	doesn't fit

Vest: 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	47.473	+0.280%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.380	+0.085%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.380	+0.084%	$1.2M	$524K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.390	+0.106%	$646K	$634K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.400	+0.127%	$723K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.380	+0.084%	$2.0M	$436K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.401	+0.129%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.405	+0.137%	$4K	$180K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.410	+0.148%	$1K	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.370	+0.063%	$9K	$761	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERPlong	+0.0004%	1h	47.340	long leg	—	$15K	10x
QFEX IREN-USD	+0.0029%	1h	47.400	+0.127%	$1.2M	$1.8M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.407	+0.142%	$69K	$99K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.380	+0.084%	$4K	$7K	5x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.380	+0.084%	$745K	$187K	20x	as long as short
tradeXYZ xyz:IREN	+0.0237%	1h	47.372	+0.068%	$3.2M	$1.9M	10x	as long as short
Paragon para:IRENshort	+0.0246%	1h	47.369	+0.062%	$599K	$172K	10x
Phoenix IREN	+0.0353%	1h	47.410	+0.148%	$84	$31K	10x	as long as short