Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.019%
Price spread now: KuCoin against Lighter RH−0.048%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days+0.245%+$25 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.048%, 7d avg −0.076%
=Together, before fees+0.346%+ Points / potential airdropLighter RH: Points live · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.027% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.423 | 0.0032 | pay 0.0004% / 1h | 14m 32s | $69K | $99K | 10x |
| Short | KuCoin IRENUSDTM | 47.400 | 0.0100 | get 0.0100% / 8h | 6h 14m | $746K | $187K | 20x |
Lighter RH IREN
KuCoin IRENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: −0.048% → −0.076%
- $2.74
- Slippage, 4 orders
- −$139.41
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$134.4
- Costs to cover
- 1.514%
- Break-even
- 72.9 days
Slippage from Lighter RH: live order book, 52 min ago; KuCoin: live order book, 25 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, 52 min ago | 5.25 bp | 7.4 bp −$7 | 92.6 bp −$926 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 14.80 bp | 83.6 bp −$84 | 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 | 47.495 | +0.152% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.404 | −0.040% | $3.4M | $6.2M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.390 | −0.070% | $1.2M | $524K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.390 | −0.070% | $646K | $634K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.400 | −0.048% | $723K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.380 | −0.091% | $2.0M | $436K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.401 | −0.046% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.381 | −0.089% | $5K | $180K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.410 | −0.027% | $1K | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.330 | −0.196% | $9K | $760 | 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 | +0.0004% | 1h | 47.340 | −0.175% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0029% | 1h | 47.400 | −0.048% | $1.2M | $1.8M | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 47.423 | long leg | $69K | $99K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.370 | −0.112% | $4K | $7K | 5x | as long as short |
| KuCoin IRENUSDTMshort | +0.0100% | 8h | 47.400 | −0.048% | $746K | $187K | 20x | |
| tradeXYZ xyz:IREN | +0.0238% | 1h | 47.400 | −0.048% | $3.2M | $1.9M | 10x | as long as short |
| Paragon para:IREN | +0.0257% | 1h | 47.365 | −0.123% | $599K | $172K | 10x | as long as short |
| Phoenix IREN | +0.0353% | 1h | 47.410 | −0.027% | $83 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
tradeXYZ xyz:IREN
Paragon para:IREN
Phoenix IREN