IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit+0.021%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1771.771% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)+0.525%+$53 · spread now +0.021%, 7d avg +0.031%

Together, before fees+0.706%+$71 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, 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	Bybit IRENUSDT	46.580	0	get 0.0000% / 8h	7h 19m	$1.2M	$572K	25x
Short	KuCoin IRENUSDTM	46.590	0.0100	get 0.0100% / 8h	7h 19m	$737K	$322K	20x

Funding history

latest

Range statsloading…

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.021%Rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 34 min ago.

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	3.22 bp	38.6 bp −$39	113.0 bp −$1,130	doesn't fit	doesn't fit
Sell KuCoin live order book, 34 min ago	15.04 bp	44.0 bp −$44	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
Bitget IRENUSDT	−0.0091%	8h	46.569	−0.024%	$2.1M	$654K	20x	as long as short
Vest IREN-USD-PERP	−0.0025%	1h	46.460	−0.258%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.719	+0.298%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.690	+0.236%	$3.5M	$6.4M	25x	as long as short
Bybit IRENUSDTlong	0.0000%	8h	46.580	long leg	$1.2M	$572K	25x
OKX IREN-USDT-SWAP	0.0000%	8h	46.630	+0.107%	$622K	$663K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.550	−0.064%	$803K	$1.4M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.598	+0.039%	$181K	$101K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.270	−0.666%	$5K	$223K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.600	+0.043%	$836	$326K	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	46.540	−0.086%	$9K	$874	20x	as long as short
Paragon para:IREN	+0.0024%	1h	46.548	−0.070%	$599K	$177K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	46.610	+0.064%	$70K	$98K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.560	−0.043%	$4K	$4K	5x	as long as short
QFEX IREN-USD	+0.0068%	1h	46.530	−0.107%	$1.2M	$1.5M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	46.590	+0.021%	$737K	$322K	20x
tradeXYZ xyz:IREN	+0.0112%	1h	46.560	−0.043%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0342%	1h	46.192	−0.833%	$84	$31K	10x	as long as short