Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: QFEX against Vest+0.105%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.105% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest IREN-USD-PERP | 47.500 | 0.0014 | pay 0.0002% / 1h | 34m 42s | — | $15K | 10x |
| Short | QFEX IREN-USD | 47.550 | 0.0044 | get 0.0005% / 1h | 34m 42s | $1.2M | $1.6M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Vest. 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
- $6.17
- Price spread: +0.105% → 0.000%
- $10.53
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $4.69
- Costs to cover
- 0.120%
- Break-even
- 1.7 days
Slippage unknown: Vest: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago | 2.10 bp | 7.1 bp −$7 | 13.9 bp −$139 | 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 | 47.584 | +0.178% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.567 | +0.141% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.540 | +0.084% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.480 | −0.042% | $645K | $619K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.550 | +0.105% | $724K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.506 | +0.013% | $2.0M | $417K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.547 | +0.098% | $212K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.560 | +0.126% | $4K | $190K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.560 | +0.126% | $830 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.560 | +0.126% | $9K | $797 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERPlong | +0.0014% | 1h | 47.500 | long leg | — | $15K | 10x | |
| Lighter RH IREN | +0.0032% | 1h | 47.576 | +0.160% | $69K | $94K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.560 | +0.126% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USDshort | +0.0044% | 1h | 47.550 | +0.105% | $1.2M | $1.6M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.550 | +0.105% | $611K | $182K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0094% | 1h | 47.572 | +0.152% | $3.2M | $2.0M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.560 | +0.126% | $748K | $218K | 20x | as long as short |
| Phoenix IREN | +0.0421% | 1h | 47.601 | +0.213% | $87 | $31K | 10x | as long as short |
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Phoenix IREN