IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.074%

Price spread now: KuCoin against Bitget+0.086%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1821.825% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.086%, 7d avg +0.096%

Together, before fees+0.235%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IRENUSDT	47.419	0	get 0.0000% / 8h	13m 46s	$2.0M	$497K	20x
Short	KuCoin IRENUSDTM	47.460	0.0100	get 0.0100% / 8h	13m 46s	$746K	$154K	20x

Funding history

latest

Range statsloading…

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.086%Rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 50 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	3.06 bp	25.6 bp −$26	35.6 bp −$356	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	5.27 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit

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	47.454	+0.074%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.471	+0.110%	$3.5M	$6.5M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.420	+0.002%	$1.2M	$485K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.440	+0.044%	$662K	$667K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.470	+0.108%	$738K	$1.5M	25x	as long as short
Bitget IRENUSDTlong	0.0000%	8h	47.419	long leg	$2.0M	$497K	20x
Variational Omni IREN	0.0000%	8h	47.468	+0.104%	$207K	$88K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.470	+0.108%	$760	$385K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.430	+0.023%	$9K	$718	20x	as long as short
GRVT IREN_USDT_Perp	+0.0002%	8h	47.462	+0.091%	$4K	$189K	10x	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	+0.0003%	1h	47.360	−0.124%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.483	+0.135%	$68K	$111K	10x	as long as short
QFEX IREN-USD	+0.0032%	1h	47.420	+0.002%	$1.2M	$2.1M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.400	−0.040%	$4K	$8K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	47.421	+0.005%	$637K	$147K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.460	+0.086%	$746K	$154K	20x
tradeXYZ xyz:IREN	+0.0246%	1h	47.450	+0.065%	$3.2M	$1.9M	10x	as long as short
Phoenix IREN	+0.0388%	1h	47.459	+0.084%	$84	$38K	10x	as long as short