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
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%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRENUSDT | 46.760 | 0 | get 0.0000% / 8h | 54m 13s | $1.2M | $552K | 25x |
| Short | Binance IRENUSDT | 46.780 | 0 | get 0.0000% / 8h | 54m 13s | $3.5M | $6.2M | 25x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 2.14 bp | 15.6 bp −$16 | 99.8 bp −$998 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.14 bp | 14.9 bp −$15 | 40.1 bp −$401 | 264.3 bp −$26.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDT | −0.0289% | 8h | 46.759 | −0.002% | $2.1M | $528K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0002% | 1h | 46.700 | −0.128% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.734 | −0.055% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDTshort | 0.0000% | 8h | 46.780 | +0.043% | $3.5M | $6.2M | 25x | |
| Bybit IRENUSDTlong | 0.0000% | 8h | 46.760 | long leg | $1.2M | $552K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.770 | +0.021% | $624K | $691K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.830 | +0.150% | $717K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.746 | −0.029% | $191K | $92K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.774 | +0.029% | $5K | $218K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.780 | +0.043% | $828 | $336K | 10x | as long as short |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.710 | −0.107% | $9K | $877 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.725 | −0.075% | $4K | $7K | 5x | as long as short |
| QFEX IREN-USD | +0.0043% | 1h | 46.780 | +0.043% | $1.2M | $1.5M | 10x | as long as short |
| Lighter RH IREN | +0.0048% | 1h | 46.792 | +0.068% | $70K | $97K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0068% | 1h | 46.750 | −0.021% | $3.1M | $2.0M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.760 | 0.000% | $735K | $264K | 20x | as long as short |
| Paragon para:IREN | +0.0118% | 1h | 46.743 | −0.037% | $601K | $177K | 10x | as long as short |
| Phoenix IREN | +0.0341% | 1h | 46.769 | +0.019% | $82 | $31K | 10x | as long as short |
Bybit IRENUSDT
Binance IRENUSDT
Bitget IRENUSDT
Aster IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USD
Lighter RH IREN
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Paragon para:IREN
Phoenix IREN