Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.048%
Price spread now: SunX against Bitget+0.078%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1921.922% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.092%−$9 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.078%, 7d avg +0.084%
Together, before fees−0.162%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IRENUSDT47.3730get 0.0000% / 8h1h 24m$2.0M$497K20x
ShortSunX IREN-USDT47.4100get 0.0000% / 8h1h 24m$599$389K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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

Funding earned
$0
Price spread: +0.078% → +0.084%
−$0.55
Slippage, 4 orders
−$172.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$192.77
Costs to cover
1.922%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; SunX: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.64 bp33.6 bp −$3456.0 bp −$560doesn't fitdoesn't fit
Sell SunX live order book, 47 min ago50.62 bp72.0 bp −$72doesn't fitdoesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP−0.0001%1h47.310−0.133%$15K10xas long as short
Aster IRENUSDT0.0000%8h47.399+0.055%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.423+0.106%$3.4M$6.7M25xas long as short
Bybit IRENUSDT0.0000%8h47.390+0.036%$1.2M$498K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.450+0.163%$662K$688K25xas long as short
Gate IREN_USDT0.0000%8h47.400+0.057%$743K$1.5M25xas long as short
Bitget IRENUSDTlong0.0000%8h47.373long leg$2.0M$497K20x
Variational Omni IREN0.0000%8h47.404+0.066%$187K$68Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.430+0.120%$5K$196K10xas long as short
SunX IREN-USDTshort0.0000%8h47.410+0.078%$599$389K10x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IREN-USDT0.0000%8h47.380+0.015%$9K$70120xas long as short
QFEX IREN-USD+0.0026%1h47.410+0.078%$1.2M$2.1M10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.368−0.011%$4K$8K5xas long as short
Lighter RH IREN+0.0056%1h47.444+0.150%$68K$114K10xas long as short
Paragon para:IREN+0.0060%1h47.398+0.054%$626K$142K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.430+0.120%$751K$142K20xas long as short
tradeXYZ xyz:IREN+0.0371%1h47.417+0.093%$3.2M$1.9M10xas long as short
Phoenix IREN+0.0405%1h47.394+0.044%$89$38K10xas long as short