IREN

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.042%

7d average—if it closes, per $10,000$4funding while held, a day−$1.20

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.580	0.0040	pay 0.0005% / 1h	24m 20s	$4K	$5K	5x
Short	OKX IREN-USDT-SWAP	47.600	0	get 0.0000% / 8h	24m 20s	$665K	$550K	25x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ExtendedbpFee OKXbpOrdersClose when spread is

Spread captured: $4.2
Funding while held: −$1.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12
Spread needed to break even: 0.150%

Slippage unknown: Extended: no order-book sample; OKX: live order book, 23 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0040%
Per $10,000 a day: −$1.20
Average in range /8h: —

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 OKX live order book, 23 min ago	4.20 bp	31.6 bp −$32	514.6 bp −$5,146	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 price on every exchange

against the cheapest. Click to use as the short leg.

Vest47.550cheapest Bitget47.552+0.004%Bybit47.570+0.042%

Extended47.580+0.063%

Binance47.580+0.063%SunX47.580+0.063%Paragon47.595+0.095%

OKX47.600+0.105%

Gate47.610+0.126%tradeXYZ47.617+0.141%QFEX47.620+0.147%KuCoin47.620+0.147%Aster47.640+0.190%Lighter RH47.677+0.267%HTX47.690+0.294%Variational Omni47.731+0.381%Phoenix47.865+0.662%

IREN on 17 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	−0.063%	+0.0012%	1h	—	$5K	10x	as long as short
Bitget IRENUSDT	−0.059%	0.0000%	8h	$1.9M	$419K	20x	as long as short
Bybit IRENUSDT	−0.021%	0.0000%	8h	$1.2M	$499K	25x	as long as short
Extended IREN_24_5-USDlong	0.000%	+0.0040%	1h	$4K	$5K	5x
Binance IRENUSDT	0.000%	0.0000%	8h	$3.6M	$5.4M	25x	as long as short
SunX IREN-USDT	0.000%	0.0000%	8h	$832	$364K	10x	as long as short
Paragon para:IREN	+0.032%	+0.0078%	1h	$651K	$118K	10x	as long as short
OKX IREN-USDT-SWAPshort	+0.042%	0.0000%	8h	$665K	$550K	25x
Gate IREN_USDT	+0.063%	0.0000%	8h	$722K	$1.5M	25x	as long as short
tradeXYZ xyz:IREN	+0.078%	+0.0401%	1h	$3.7M	$1.3M	10x	as long as short

Show all 17 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.084%	+0.0042%	1h	$1.2M	$1.6M	10x	as long as short
KuCoin IRENUSDTM	+0.084%	+0.0100%	8h	$751K	$128K	20x	as long as short
Aster IRENUSDT	+0.126%	0.0000%	8h	$28K	$2K	20x	as long as short
Lighter RH IREN	+0.204%	+0.0032%	1h	$69K	$95K	10x	as long as short
HTX IREN-USDT	+0.231%	0.0000%	8h	$9K	$551	20x	as long as short
Variational Omni IREN	+0.317%	0.0000%	8h	$162K	$45K	—	as long as short
Phoenix IREN	+0.599%	+0.0405%	1h	$90	$38K	10x	as long as short