Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$3.58 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.047%7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now −0.047%, 7d avg −0.068%
=The price spread pays, funding is against you. Bitget is 0.021% dearer against Bybit than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.068%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.063% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IRENUSDT | 46.720 | 0 | get 0.0000% / 8h | 1h 24m | $1.2M | $550K | 25x |
| Short | Bitget IRENUSDT | 46.698 | −0.0358 | pay 0.0358% / 8h | 1h 24m | $2.1M | $526K | 20x |
Bybit IRENUSDT
Bitget IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$75.18
- Price spread: −0.047% → −0.068%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$96.06
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Bitget: live order book, 2 min ago. Net counts fees only.
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 | 13.9 bp −$14 | 103.6 bp −$1,036 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.61 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IRENUSDTshort | −0.0358% | 8h | 46.698 | −0.047% | $2.1M | $526K | 20x | |
| Vest IREN-USD-PERP | −0.0006% | 1h | 46.610 | −0.235% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.715 | −0.011% | $24K | $9K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.720 | 0.000% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDTlong | 0.0000% | 8h | 46.720 | long leg | $1.2M | $550K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.720 | 0.000% | $622K | $691K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.730 | +0.021% | $716K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.722 | +0.004% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.702 | −0.038% | $4K | $217K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.710 | −0.021% | $881 | $342K | 10x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.660 | −0.128% | $9K | $866 | 20x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 46.720 | 0.000% | $1.2M | $1.6M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.660 | −0.128% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.671 | −0.105% | $600K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.710 | −0.021% | $734K | $255K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0128% | 1h | 46.691 | −0.062% | $3.1M | $2.0M | 10x | as long as short |
| Lighter RH IREN | +0.0136% | 1h | 46.738 | +0.039% | $70K | $96K | 10x | as long as short |
| Phoenix IREN | +0.0341% | 1h | 46.675 | −0.096% | $84 | $31K | 10x | as long as short |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Lighter RH IREN
Phoenix IREN