IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0246%/8h= +26.9% APRnext payment +$0.31 per $10,000 · paid last 24h +0.092%

Price spread now: Phoenix against Extended+0.125%68s7-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 Phoenix

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.125% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IREN_24_5-USD	47.050	0.0040	pay 0.0005% / 1h	6m 09s	$4K	$7K	5x
Short	Phoenix IREN	47.109	0.0286	get 0.0036% / 1h	6m 09s	$85	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.125%Rate

Funding earned: $51.61
Price spread: +0.125% → 0.000%: $12.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $52.15
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Extended and Phoenix: 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	47.113	+0.134%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.090	+0.085%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.080	+0.064%	$1.2M	$544K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	+0.064%	$647K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.090	+0.085%	$723K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.047	−0.006%	$2.1M	$499K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.146	+0.205%	$210K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.110	+0.127%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.130	+0.170%	$978	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.070	+0.043%	$9K	$830	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	+0.0009%	1h	47.000	−0.106%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.090	+0.085%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USDlong	+0.0040%	1h	47.050	long leg	$4K	$7K	5x
Lighter RH IREN	+0.0056%	1h	47.110	+0.128%	$69K	$97K	10x	as long as short
Paragon para:IREN	+0.0071%	1h	47.111	+0.130%	$606K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.080	+0.064%	$740K	$232K	20x	as long as short
tradeXYZ xyz:IREN	+0.0171%	1h	47.074	+0.051%	$3.2M	$2.0M	10x	as long as short
Phoenix IRENshort	+0.0286%	1h	47.109	+0.125%	$85	$31K	10x