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

IREN

RWAall IREN markets
SwapBacktest
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 +0.001%
Price spread now: Binance against Bybit+0.043%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$690.694% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 7 days−0.085%−$9 · spread now +0.043%, 7d avg +0.037%
Together, before fees−0.134%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IRENUSDT46.7600get 0.0000% / 8h54m 13s$1.2M$552K25x
ShortBinance IRENUSDT46.7800get 0.0000% / 8h54m 13s$3.5M$6.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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: +0.043% → +0.037%
$0.55
Slippage, 4 orders
−$48.36
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$68.81
Costs to cover
0.694%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 Bybit live order book, 1 min ago2.14 bp15.6 bp −$1699.8 bp −$998doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago2.14 bp14.9 bp −$1540.1 bp −$401264.3 bp −$26.4Kdoesn'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
Bitget IRENUSDT−0.0289%8h46.759−0.002%$2.1M$528K20xas long as short
Vest IREN-USD-PERP−0.0002%1h46.700−0.128%$15K10xas long as short
Aster IRENUSDT0.0000%8h46.734−0.055%$24K$9K20xas long as short
Binance IRENUSDTshort0.0000%8h46.780+0.043%$3.5M$6.2M25x
Bybit IRENUSDTlong0.0000%8h46.760long leg$1.2M$552K25x
OKX IREN-USDT-SWAP0.0000%8h46.770+0.021%$624K$691K25xas long as short
Gate IREN_USDT0.0000%8h46.830+0.150%$717K$1.2M25xas long as short
Variational Omni IREN0.0000%8h46.746−0.029%$191K$92Kas long as short
GRVT IREN_USDT_Perp0.0000%8h46.774+0.029%$5K$218K10xas long as short
SunX IREN-USDT0.0000%8h46.780+0.043%$828$336K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IREN-USDT0.0000%8h46.710−0.107%$9K$87720xas long as short
Extended IREN_24_5-USD+0.0040%1h46.725−0.075%$4K$7K5xas long as short
QFEX IREN-USD+0.0043%1h46.780+0.043%$1.2M$1.5M10xas long as short
Lighter RH IREN+0.0048%1h46.792+0.068%$70K$97K10xas long as short
tradeXYZ xyz:IREN+0.0068%1h46.750−0.021%$3.1M$2.0M10xas long as short
KuCoin IRENUSDTM+0.0100%8h46.7600.000%$735K$264K20xas long as short
Paragon para:IREN+0.0118%1h46.743−0.037%$601K$177K10xas long as short
Phoenix IREN+0.0341%1h46.769+0.019%$82$31K10xas long as short