Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Paragon against KuCoin−0.037%50s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1741.741% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.528%−$53 · spread now −0.037%, 7d avg −0.057%
=The price spread pays, funding is against you. Paragon is 0.020% dearer against KuCoin than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.057%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 50 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 | KuCoin IRENUSDTM | 47.440 | 0.0100 | pay 0.0100% / 8h | 5h 21m | $747K | $206K | 20x |
| Short | Paragon para:IREN | 47.423 | 0.0060 | get 0.0008% / 1h | 21m 50s | $610K | $182K | 10x |
KuCoin IRENUSDTM
Paragon para:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.4
- Price spread: −0.037% → −0.057%
- $2.02
- Slippage, 4 orders
- −$152.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$180.44
- Costs to cover
- 1.741%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Paragon: live order book, 14 min ago.
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 KuCoin live order book, 2 min ago | 9.48 bp | 67.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 14 min ago | 24.26 bp | 29.3 bp −$29 | 58.1 bp −$581 | doesn't fit | doesn't fit |
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 | 47.539 | +0.210% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.487 | +0.098% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.450 | +0.021% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | −0.084% | $646K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.470 | +0.063% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.428 | −0.025% | $2.0M | $428K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | +0.022% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.455 | +0.032% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | +0.042% | $953 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | +0.063% | $9K | $782 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0009% | 1h | 47.380 | −0.126% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.440 | 0.000% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.493 | +0.112% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.445 | +0.011% | $4K | $7K | 5x | as long as short |
| Paragon para:IRENshort | +0.0060% | 1h | 47.423 | −0.037% | $610K | $182K | 10x | |
| KuCoin IRENUSDTMlong | +0.0100% | 8h | 47.440 | long leg | $747K | $206K | 20x | |
| Phoenix IREN | +0.0355% | 1h | 47.446 | +0.013% | $89 | $31K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0356% | 1h | 47.455 | +0.032% | $3.2M | $1.9M | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Phoenix IREN
tradeXYZ xyz:IREN