IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.006%

Price spread now: Paragon against Extended+0.107%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 Paragon

What this pair did over the last

the charts below follow

Funding, last 6 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paragon is 0.107% dearer against Extended than usual: you sell high and buy low: +$11 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	47.020	0.0040	pay 0.0005% / 1h	3m 34s	$4K	$7K	5x
Short	Paragon para:IREN	47.070	0.0062	get 0.0008% / 1h	3m 34s	$605K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now +0.107%Rate

Funding earned: $4.57
Price spread: +0.107% → 0.000%: $10.7
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paragon: 5 bp × 2 orders: −$10
Net: $0.27
Costs to cover: 0.150%
Break-even: 6.6 days

Slippage unknown: Extended: no order-book sample; Paragon: live order book, 12 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 Paragon live order book, 12 min ago	25.31 bp	30.4 bp −$30	49.3 bp −$493	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	47.109	+0.190%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.060	+0.085%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.040	+0.043%	$1.2M	$544K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	+0.128%	$647K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.110	+0.191%	$722K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.035	+0.032%	$2.1M	$501K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.087	+0.142%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.100	+0.170%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.100	+0.170%	$983	$356K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.100	+0.170%	$9K	$832	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0007%	1h	46.980	−0.085%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.060	+0.085%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.020	long leg	$4K	$7K	5x
Paragon para:IRENshort	+0.0062%	1h	47.070	+0.107%	$605K	$182K	10x
Lighter RH IREN	+0.0064%	1h	47.130	+0.234%	$69K	$97K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.090	+0.149%	$739K	$233K	20x	as long as short
tradeXYZ xyz:IREN	+0.0174%	1h	47.056	+0.077%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.071	+0.108%	$87	$31K	10x	as long as short