Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%
Price spread now: SunX against Gate0.000%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1701.697% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.167%−$17 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now 0.000%, 7d avg −0.012%
Together, before fees−0.199%−$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IREN_USDT46.8800get 0.0000% / 8h1h 51m$720K$1.2M25x
ShortSunX IREN-USDT46.8800get 0.0000% / 8h1h 51m$848$345K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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

Funding earned
$0
Price spread: 0.000% → −0.012%
$1.24
Slippage, 4 orders
−$146.75
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$168.5
Costs to cover
1.697%
Break-even
never at this rate
Slippage from Gate: live order book, just now; SunX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, just now2.13 bp12.1 bp −$1249.2 bp −$49274.2 bp −$7,423doesn't fit
Sell SunX live order book, 9 min ago47.88 bp67.0 bp −$67doesn't fitdoesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget IRENUSDT−0.0323%8h46.858−0.047%$2.1M$524K20xas long as short
Vest IREN-USD-PERP−0.0008%1h46.770−0.235%$15K10xas long as short
Aster IRENUSDT0.0000%8h46.891+0.024%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h46.870−0.020%$3.4M$6.2M25xas long as short
Bybit IRENUSDT0.0000%8h46.840−0.085%$1.2M$552K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h46.890+0.021%$625K$688K25xas long as short
Gate IREN_USDTlong0.0000%8h46.880long leg$720K$1.2M25x
Variational Omni IREN0.0000%8h46.887+0.014%$191K$102Kas long as short
GRVT IREN_USDT_Perp0.0000%8h46.885+0.011%$4K$213K10xas long as short
SunX IREN-USDTshort0.0000%8h46.8800.000%$848$345K10x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX IREN-USDT0.0000%8h46.830−0.107%$9K$85920xas long as short
QFEX IREN-USD+0.0032%1h46.860−0.043%$1.2M$1.5M10xas long as short
Extended IREN_24_5-USD+0.0040%1h46.810−0.149%$4K$7K5xas long as short
Paragon para:IREN+0.0060%1h46.818−0.132%$602K$182K10xas long as short
KuCoin IRENUSDTM+0.0100%8h46.860−0.043%$737K$255K20xas long as short
Lighter RH IREN+0.0264%1h46.918+0.081%$70K$96K10xas long as short
tradeXYZ xyz:IREN+0.0286%1h46.853−0.058%$3.1M$2.0M10xas long as short
Phoenix IREN+0.0341%1h46.906+0.055%$83$31K10xas long as short