Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.050%
Price spread now: tradeXYZ against KuCoin−0.042%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.527%−$53 · spread now −0.042%, 7d avg −0.017%
=Together, before fees−0.451%+ Points / potential airdroptradeXYZ: Active · farm board−$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IRENUSDTM | 47.540 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $747K | $211K | 20x |
| Short | tradeXYZ xyz:IREN | 47.520 | 0.0050 | get 0.0006% / 1h | 58m 55s | $3.2M | $1.9M | 10x |
KuCoin IRENUSDTM
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: −0.042% → −0.017%
- −$2.46
- Slippage, 4 orders
- −$113.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$156.24
- Costs to cover
- 1.433%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; tradeXYZ: live order book, 9 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, 25 min ago | 9.48 bp | 67.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 2.31 bp | 15.8 bp −$16 | doesn't fit | 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 | 47.570 | +0.062% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.536 | −0.009% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.510 | −0.063% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.510 | −0.063% | $647K | $621K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.520 | −0.042% | $723K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.486 | −0.114% | $2.0M | $419K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.551 | +0.023% | $212K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.550 | +0.021% | $4K | $186K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.540 | 0.000% | $1K | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.520 | −0.042% | $9K | $790 | 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 | +0.0010% | 1h | 47.460 | −0.168% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.520 | −0.042% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.535 | −0.011% | $69K | $94K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.505 | −0.074% | $4K | $7K | 5x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0050% | 1h | 47.520 | −0.042% | $3.2M | $1.9M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.500 | −0.084% | $611K | $182K | 10x | as long as short |
| KuCoin IRENUSDTMlong | +0.0100% | 8h | 47.540 | long leg | $747K | $211K | 20x | |
| Phoenix IREN | +0.0355% | 1h | 47.559 | +0.040% | $86 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
Phoenix IREN