Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%

Price spread now: Gate against Aster−0.097%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.097% cheaper against Aster than usual: you would sell low and buy high, −$10 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	Aster IRENUSDT	47.576	0	get 0.0000% / 8h	5h 03m	$29K	$4K	20x
Short	Gate IREN_USDT	47.530	0	get 0.0000% / 8h	5h 03m	$721K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → 0.000%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.7
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.16 bp	23.3 bp −$23	76.9 bp −$769	119.3 bp −$11.9K	doesn't fit

Aster: 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 IRENUSDTlong	0.0000%	8h	47.576	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.510	−0.139%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.500	−0.160%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.550	−0.055%	$648K	$621K	25x	as long as short
Gate IREN_USDTshort	0.0000%	8h	47.530	−0.097%	$721K	$1.2M	25x
Bitget IRENUSDT	0.0000%	8h	47.485	−0.192%	$2.0M	$428K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.531	−0.095%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.545	−0.065%	$5K	$185K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.540	−0.076%	$1K	$359K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.490	−0.181%	$9K	$790	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-PERP	+0.0009%	1h	47.460	−0.244%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0026%	1h	47.530	−0.097%	$1.2M	$1.7M	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.538	−0.080%	$69K	$96K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.485	−0.192%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.478	−0.206%	$610K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.530	−0.097%	$747K	$211K	20x	as long as short
tradeXYZ xyz:IREN	+0.0345%	1h	47.496	−0.168%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0355%	1h	47.531	−0.095%	$83	$31K	10x	as long as short