IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Extended+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.102% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.270	0.0040	pay 0.0005% / 1h	33m 45s	$4K	$7K	5x
Short	Lighter RH IREN	47.318	0.0080	get 0.0010% / 1h	33m 45s	$68K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.102%Rate

Funding earned: $8.4
Price spread: +0.102% → 0.000%: $10.15
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $13.55
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Lighter RH: live order book, 33 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 Extended no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 33 min ago	5.25 bp	7.4 bp −$7	66.9 bp −$669	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster IRENUSDT	0.0000%	8h	47.417	+0.312%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.280	+0.021%	$1.2M	$527K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.310	+0.085%	$646K	$636K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.320	+0.106%	$727K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.285	+0.032%	$2.0M	$438K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.283	+0.027%	$209K	$86K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.319	+0.103%	$4K	$180K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.320	+0.106%	$942	$361K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.280	+0.021%	$9K	$756	20x	as long as short
Vest IREN-USD-PERP	+0.0004%	1h	47.210	−0.127%	—	$15K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance IRENUSDT	+0.0027%	8h	47.313	+0.090%	$3.4M	$6.3M	25x	as long as short
QFEX IREN-USD	+0.0029%	1h	47.290	+0.042%	$1.3M	$1.9M	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.270	long leg	$4K	$7K	5x
Lighter RH IRENshort	+0.0080%	1h	47.318	+0.102%	$68K	$99K	10x
KuCoin IRENUSDTM	+0.0100%	8h	47.290	+0.042%	$743K	$178K	20x	as long as short
tradeXYZ xyz:IREN	+0.0253%	1h	47.297	+0.057%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0353%	1h	47.267	−0.006%	$89	$31K	10x	as long as short
Paragon para:IREN	+0.0530%	1h	47.270	0.000%	$598K	$172K	10x	as long as short