Funding arb · Price arb /

IREN

RWAall IREN markets

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 0.000%

Price spread now: OKX against Aster−0.004%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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IRENUSDT	46.732	0	get 0.0000% / 8h	1h 25m	$24K	$9K	20x
Short	OKX IREN-USDT-SWAP	46.730	0	get 0.0000% / 8h	1h 25m	$622K	$691K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 15 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 OKX live order book, 15 min ago	4.28 bp	22.2 bp −$22	doesn't fit	doesn't fit	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
Bitget IRENUSDT	−0.0360%	8h	46.716	−0.034%	$2.1M	$526K	20x	as long as short
Vest IREN-USD-PERP	−0.0006%	1h	46.600	−0.282%	—	$15K	10x	as long as short
Aster IRENUSDTlong	0.0000%	8h	46.732	long leg	$24K	$9K	20x
Binance IRENUSDT	0.0000%	8h	46.753	+0.045%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.730	−0.004%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAPshort	0.0000%	8h	46.730	−0.004%	$622K	$691K	25x
Gate IREN_USDT	0.0000%	8h	46.740	+0.018%	$716K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.722	−0.021%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.677	−0.117%	$4K	$217K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.710	−0.046%	$881	$342K	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	46.660	−0.153%	$9K	$866	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.680	−0.111%	$1.2M	$1.6M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.680	−0.111%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.703	−0.062%	$601K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.710	−0.046%	$733K	$255K	20x	as long as short
tradeXYZ xyz:IREN	+0.0127%	1h	46.714	−0.038%	$3.1M	$2.0M	10x	as long as short
Lighter RH IREN	+0.0136%	1h	46.764	+0.069%	$70K	$96K	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.656	−0.162%	$85	$31K	10x	as long as short