Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.010%
Price spread now: Binance against Lighter RH−0.124%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 2 days (all we have)+0.065%+$7 · spread now −0.124%, 7d avg −0.085%
=Together, before fees+0.080%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.085%). If the spread goes back, that is −$4 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.015% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.649 | 0.0032 | pay 0.0004% / 1h | 22m 56s | $68K | $108K | 10x |
| Short | Binance IRENUSDT | 47.590 | 0.0061 | get 0.0061% / 8h | 7h 22m | $3.5M | $6.2M | 25x |
Lighter RH IREN
Binance IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- $6.14
- Price spread: −0.124% → −0.085%
- −$3.89
- Slippage, 4 orders
- −$22.54
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.28
- Costs to cover
- 0.325%
- Break-even
- 41.5 days
Slippage from Lighter RH: live order book, 49 min ago; Binance: live order book, 16 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 Lighter RH live order book, 49 min ago | 0.95 bp | 7.0 bp −$7 | 83.3 bp −$833 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.10 bp | 14.0 bp −$14 | 41.0 bp −$410 | 190.4 bp −$19.0K | 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 | 47.694 | +0.094% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.600 | −0.103% | $1.2M | $469K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.610 | −0.082% | $659K | $637K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.590 | −0.124% | $746K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.592 | −0.120% | $2.0M | $435K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.697 | +0.101% | $209K | $86K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.610 | −0.082% | $955 | $363K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.580 | −0.145% | $9K | $737 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0001% | 1h | 47.530 | −0.250% | — | $15K | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 47.649 | long leg | $68K | $108K | 10x |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.590 | −0.124% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USD | +0.0045% | 1h | 47.580 | −0.145% | $1.2M | $2.0M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.569 | −0.169% | $639K | $146K | 10x | as long as short |
| Binance IRENUSDTshort | +0.0061% | 8h | 47.590 | −0.124% | $3.5M | $6.2M | 25x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.640 | −0.019% | $749K | $164K | 20x | as long as short |
| GRVT IREN_USDT_Perp | +0.0280% | 8h | 47.649 | +0.001% | $5K | $182K | 10x | as long as short |
| Phoenix IREN | +0.0337% | 1h | 47.690 | +0.086% | $84 | $35K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0496% | 1h | 47.595 | −0.113% | $3.2M | $1.9M | 10x | as long as short |
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
KuCoin IRENUSDTM
GRVT IREN_USDT_Perp
Phoenix IREN
tradeXYZ xyz:IREN