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

IREN

RWAall IREN markets
SwapBacktest
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 −0.030%
Price spread now: Variational Omni against KuCoin−0.007%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.095%−$9 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.007%, 7d avg −0.002%
Together, before fees−0.109%+ Points / potential airdropVariational Omni: Active · farm board−$11 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin IRENUSDTM47.0900.0100pay 0.0100% / 8h3h 03m$739K$233K20x
ShortVariational Omni IREN47.0870get 0.0000% / 8h3h 03m$192K$102K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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
−$21
Price spread: −0.007% → −0.002%
−$0.48
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$33.48
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 11 min ago; Variational Omni: RFQ quote, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 11 min ago5.29 bp44.8 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 50 min ago5.20 bpdoesn't fit75.3 bp −$753doesn'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
Aster IRENUSDT0.0000%8h47.141+0.109%$29K$4K20xas long as short
Binance IRENUSDT0.0000%8h47.0900.000%$3.4M$6.1M25xas long as short
Bybit IRENUSDT0.0000%8h47.080−0.021%$1.2M$544K25xas long as short
OKX IREN-USDT-SWAP0.0000%8h47.080−0.021%$647K$649K25xas long as short
Gate IREN_USDT0.0000%8h47.110+0.042%$722K$1.2M25xas long as short
Bitget IRENUSDT0.0000%8h47.054−0.076%$2.1M$501K20xas long as short
Variational Omni IRENshort0.0000%8h47.087−0.007%$192K$102K
GRVT IREN_USDT_Perp0.0000%8h47.132+0.089%$4K$204K10xas long as short
SunX IREN-USDT0.0000%8h47.100+0.021%$983$356K10xas long as short
HTX IREN-USDT0.0000%8h47.100+0.021%$9K$83220xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest IREN-USD-PERP+0.0008%1h47.000−0.191%$15K10xas long as short
QFEX IREN-USD+0.0011%1h47.080−0.021%$1.2M$1.5M10xas long as short
Extended IREN_24_5-USD+0.0040%1h47.020−0.149%$4K$7K5xas long as short
Paragon para:IREN+0.0062%1h47.070−0.042%$605K$182K10xas long as short
Lighter RH IREN+0.0064%1h47.130+0.085%$69K$97K10xas long as short
KuCoin IRENUSDTMlong+0.0100%8h47.090long leg$739K$233K20x
tradeXYZ xyz:IREN+0.0175%1h47.076−0.030%$3.2M$2.0M10xas long as short
Phoenix IREN+0.0286%1h47.109+0.040%$84$31K10xas long as short