Funding you earn now, next payment 03:00 UTC+0.0358%/8h= +39.2% APRpaid last 24h +0.079%
Price spread now: tradeXYZ against Binance−0.039%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 7 days+0.142%+$14 · spread now −0.039%, 7d avg −0.043%
=Together, before fees+0.448%+ Points / potential airdroptradeXYZ: Active · farm board+$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IRENUSDT | 47.499 | 0 | get 0.0000% / 8h | 5h 21m | $3.5M | $6.1M | 25x |
| Short | tradeXYZ xyz:IREN | 47.481 | 0.0358 | get 0.0045% / 1h | 21m 37s | $3.2M | $1.9M | 10x |
Binance IRENUSDT
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. 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
- $75.09
- Price spread: −0.039% → −0.043%
- $0.48
- Slippage, 4 orders
- −$29.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $18.19
- Costs to cover
- 0.574%
- Break-even
- 5.3 days
Slippage from Binance: live order book, 2 min ago; tradeXYZ: live order book, 5 min ago.
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 Binance live order book, 2 min ago | 3.16 bp | 12.6 bp −$13 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 2.63 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
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 | 47.556 | +0.119% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTlong | 0.0000% | 8h | 47.499 | long leg | $3.5M | $6.1M | 25x | |
| Bybit IRENUSDT | 0.0000% | 8h | 47.450 | −0.104% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.490 | −0.020% | $646K | $621K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.470 | −0.062% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.428 | −0.150% | $2.0M | $428K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | −0.103% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.461 | −0.080% | $4K | $183K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | −0.083% | $953 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | −0.062% | $9K | $782 | 20x | as long as short |
Aster 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-PERP | +0.0009% | 1h | 47.390 | −0.230% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.480 | −0.041% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.512 | +0.027% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.435 | −0.135% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.422 | −0.163% | $610K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.450 | −0.104% | $747K | $206K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.454 | −0.095% | $85 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0358% | 1h | 47.481 | −0.039% | $3.2M | $1.9M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN