Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.006%

Price spread now: Vest against HTX−0.171%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.171% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it 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	HTX IREN-USDT	46.840	0	get 0.0000% / 8h	33m 52s	$9K	$877	20x
Short	Vest IREN-USD-PERP	46.760	−0.0001	pay 0.0000% / 1h	33m 52s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$0.15
Price spread: −0.171% → 0.000%: −$17.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$31.23
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Vest: 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 HTX no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

HTX and Vest: 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
Bitget IRENUSDT	−0.0235%	8h	46.829	−0.023%	$2.1M	$538K	20x	as long as short
Vest IREN-USD-PERPshort	−0.0001%	1h	46.760	−0.171%	—	$15K	10x
Aster IRENUSDT	0.0000%	8h	46.890	+0.107%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.870	+0.064%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.830	−0.021%	$1.2M	$552K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	46.870	+0.064%	$626K	$689K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	46.900	+0.128%	$754K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.861	+0.045%	$191K	$92K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.889	+0.105%	$5K	$219K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.860	+0.043%	$1K	$335K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDTlong	0.0000%	8h	46.840	long leg	$9K	$877	20x
Extended IREN_24_5-USD	+0.0040%	1h	46.805	−0.075%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	46.850	+0.021%	$1.2M	$1.5M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	46.809	−0.066%	$602K	$177K	10x	as long as short
Lighter RH IREN	+0.0088%	1h	46.887	+0.100%	$70K	$97K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	46.850	+0.021%	$736K	$264K	20x	as long as short
tradeXYZ xyz:IREN	+0.0150%	1h	46.847	+0.015%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0308%	1h	46.826	−0.030%	$88	$31K	10x	as long as short