Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%
Price spread now: OKX against Lighter RH−0.162%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−0.023%−$2 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 −$1 a day on $10k at the current rate, and OKX is 0.162% cheaper against Lighter RH than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH IREN | 47.477 | 0.0032 | pay 0.0004% / 1h | 25m 42s | $69K | $96K | 10x |
| Short | OKX IREN-USDT-SWAP | 47.400 | 0 | get 0.0000% / 8h | 5h 25m | $646K | $620K | 25x |
Lighter RH IREN
OKX IREN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.72
- Price spread: −0.162% → 0.000%
- −$16.22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$32.94
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: no order-book sample; OKX: live order book, 35 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 OKX live order book, 35 min ago | 5.28 bp | 16.4 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.524 | +0.099% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.459 | −0.037% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.420 | −0.120% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAPshort | 0.0000% | 8h | 47.400 | −0.162% | $646K | $620K | 25x | |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | −0.057% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.409 | −0.143% | $2.0M | $429K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | −0.056% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.490 | +0.027% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.440 | −0.078% | $945 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.410 | −0.141% | $9K | $780 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
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 | +0.0008% | 1h | 47.360 | −0.246% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.440 | −0.078% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IRENlong | +0.0032% | 1h | 47.477 | long leg | $69K | $96K | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.400 | −0.162% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.399 | −0.165% | $609K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.430 | −0.099% | $746K | $204K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.453 | −0.051% | $88 | $31K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0356% | 1h | 47.443 | −0.072% | $3.2M | $1.9M | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN
tradeXYZ xyz:IREN