IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0308%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h +0.099%

Price spread now: Phoenix against Vest+0.237%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 +$9 a day on $10k at the current rate, and Phoenix is 0.237% dearer against Vest than usual: you sell high and buy low: +$24 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	46.750	−0.0001	get 0.0000% / 1h	32m 57s	—	$15K	10x
Short	Phoenix IREN	46.861	0.0308	get 0.0038% / 1h	32m 57s	$83	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.237%Rate

Funding earned: $64.73
Price spread: +0.237% → 0.000%: $23.74
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $79.47
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Vest and Phoenix: 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
Bitget IRENUSDT	−0.0233%	8h	46.826	+0.163%	$2.1M	$538K	20x	as long as short
Vest IREN-USD-PERPlong	−0.0001%	1h	46.750	long leg	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.885	+0.289%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.871	+0.258%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.830	+0.171%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.870	+0.257%	$626K	$689K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.890	+0.299%	$753K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.861	+0.237%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.885	+0.290%	$5K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.860	+0.235%	$1K	$334K	10x	as long as short

Show 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	+0.193%	$9K	$877	20x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.815	+0.139%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.860	+0.235%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.809	+0.126%	$602K	$177K	10x	as long as short
Lighter RH IREN	+0.0088%	1h	46.888	+0.295%	$70K	$97K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.870	+0.257%	$737K	$264K	20x	as long as short
tradeXYZ xyz:IREN	+0.0153%	1h	46.838	+0.188%	$3.1M	$2.0M	10x	as long as short
Phoenix IRENshort	+0.0308%	1h	46.861	+0.237%	$83	$31K	10x