IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.033%

Price spread now: KuCoin against Gate+0.021%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1171.175% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.021%, 7d avg +0.002%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, 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	Gate IREN_USDT	47.370	0	get 0.0000% / 8h	3h 39m	$720K	$1.2M	25x
Short	KuCoin IRENUSDTM	47.380	0.0100	get 0.0100% / 8h	3h 39m	$745K	$224K	20x

Funding history

latest

Range statsloading…

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.021%Rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 40 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	3.16 bp	14.4 bp −$14	48.7 bp −$487	73.6 bp −$7,364	doesn't fit
Sell KuCoin live order book, 40 min ago	4.20 bp	31.7 bp −$32	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
Aster IRENUSDT	0.0000%	8h	47.398	+0.059%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.350	−0.042%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.330	−0.084%	$1.2M	$538K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.350	−0.042%	$659K	$648K	25x	as long as short
Gate IREN_USDTlong	0.0000%	8h	47.370	long leg	$720K	$1.2M	25x
Bitget IRENUSDT	0.0000%	8h	47.372	+0.004%	$2.1M	$495K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.412	+0.088%	$211K	$85K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.458	+0.186%	$5K	$198K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.420	+0.106%	$970	$355K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.370	0.000%	$9K	$819	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX IREN-USD	+0.0011%	1h	47.420	+0.106%	$1.2M	$1.5M	10x	as long as short
Vest IREN-USD-PERP	+0.0018%	1h	47.340	−0.063%	—	$15K	10x	as long as short
Lighter RH IREN	+0.0032%	1h	47.394	+0.051%	$68K	$95K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.340	−0.063%	$4K	$7K	5x	as long as short
tradeXYZ xyz:IREN	+0.0061%	1h	47.335	−0.074%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	47.380	+0.021%	$745K	$224K	20x
Paragon para:IREN	+0.0123%	1h	47.310	−0.127%	$608K	$182K	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.440	+0.148%	$84	$31K	10x	as long as short