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 0.000%

Price spread now: SunX against Aster+0.036%7-day average — · you sell dearer than you buy

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

Long on Aster Short on SunX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.036% dearer against Aster than usual: you sell high and buy low, +$4 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	47.113	0	get 0.0000% / 8h	3h 06m	$29K	$4K	20x
Short	SunX IREN-USDT	47.130	0	get 0.0000% / 8h	3h 06m	$978	$355K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	46.66 bp	65.8 bp −$66	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
Aster IRENUSDTlong	0.0000%	8h	47.113	long leg	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.080	−0.071%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.070	−0.092%	$1.2M	$544K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	−0.071%	$648K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.120	+0.014%	$715K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.091	−0.047%	$2.1M	$499K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.146	+0.070%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.110	−0.007%	$4K	$204K	10x	as long as short
SunX IREN-USDTshort	0.0000%	8h	47.130	+0.036%	$978	$355K	10x
HTX IREN-USDT	0.0000%	8h	47.070	−0.092%	$9K	$830	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	47.010	−0.219%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.110	−0.007%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.080	−0.071%	$4K	$7K	5x	as long as short
Lighter RH IREN	+0.0056%	1h	47.179	+0.140%	$69K	$97K	10x	as long as short
Paragon para:IREN	+0.0071%	1h	47.111	−0.004%	$606K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.090	−0.049%	$740K	$231K	20x	as long as short
tradeXYZ xyz:IREN	+0.0166%	1h	47.140	+0.057%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.109	−0.009%	$85	$31K	10x	as long as short