Funding you earn now, next payment 07:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.012%
Price spread now: Bybit against Lighter RH−0.143%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.143% cheaper against Lighter RH than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 46.767 | 0.0288 | pay 0.0036% / 1h | 38m 29s | $70K | $96K | 10x |
| Short | Bybit IRENUSDT | 46.700 | 0 | get 0.0000% / 8h | 1h 38m | $1.2M | $550K | 25x |
Lighter RH IREN
Bybit IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$60.48
- Price spread: −0.143% → 0.000%
- −$14.33
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.81
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; Bybit: live order book, 2 min ago. 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 Lighter RH no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.14 bp | 24.1 bp −$24 | 100.3 bp −$1,003 | doesn't fit | doesn't fit |
Lighter RH: 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 | −0.0337% | 8h | 46.697 | −0.150% | $2.1M | $524K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.0007% | 1h | 46.640 | −0.272% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 46.775 | +0.018% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 46.710 | −0.122% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDTshort | 0.0000% | 8h | 46.700 | −0.143% | $1.2M | $550K | 25x | |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 46.700 | −0.143% | $624K | $688K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 46.750 | −0.036% | $718K | $1.2M | 25x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 46.802 | +0.074% | $191K | $102K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 46.820 | +0.112% | $5K | $215K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 46.830 | +0.135% | $863 | $343K | 10x | as long as short |
Bitget IRENUSDT
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Variational Omni IREN
GRVT IREN_USDT_Perp
SunX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | 0.0000% | 8h | 46.730 | −0.079% | $9K | $863 | 20x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 46.750 | −0.036% | $1.2M | $1.5M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 46.705 | −0.133% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 46.726 | −0.087% | $601K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 46.730 | −0.079% | $735K | $258K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0232% | 1h | 46.700 | −0.143% | $3.1M | $2.0M | 10x | as long as short |
| Lighter RH IRENlong | +0.0288% | 1h | 46.767 | long leg | $70K | $96K | 10x | |
| Phoenix IREN | +0.0341% | 1h | 46.792 | +0.053% | $89 | $31K | 10x | as long as short |
HTX IREN-USDT
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN