IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against OKX+0.021%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 2 days (all we have)−0.033%−$3 · spread now +0.021%, 7d avg −0.011%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	47.760	0	get 0.0000% / 8h	7h 48m	$662K	$642K	25x
Short	Binance IRENUSDT	47.770	0.0029	get 0.0029% / 8h	7h 48m	$3.5M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $6.08
Price spread: +0.021% → −0.011%: $3.23
Slippage, 4 orders: −$48.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.67
Costs to cover: 0.690%
Break-even: 75.8 days

Slippage from OKX: live order book, 23 min ago; Binance: live order book, 5 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 OKX live order book, 23 min ago	7.38 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.10 bp	13.5 bp −$13	45.4 bp −$454	362.3 bp −$36.2K	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	47.762	+0.004%	$29K	$4K	20x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.770	+0.021%	$1.2M	$473K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	47.760	long leg	$662K	$642K	25x
Bitget IRENUSDT	0.0000%	8h	47.728	−0.067%	$2.0M	$442K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.693	−0.141%	$208K	$85K	—	as long as short
SunX IREN-USDT	0.0000%	8h	47.680	−0.168%	$933	$367K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.740	−0.042%	$9K	$729	20x	as long as short
Vest IREN-USD-PERP	+0.0002%	1h	47.660	−0.209%	—	$15K	10x	as long as short
Binance IRENUSDTshort	+0.0029%	8h	47.770	+0.021%	$3.5M	$6.3M	25x
Lighter RH IREN	+0.0040%	1h	47.791	+0.065%	$68K	$108K	10x	as long as short

Show 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	47.745	−0.031%	$4K	$8K	5x	as long as short
QFEX IREN-USD	+0.0045%	1h	47.750	−0.021%	$1.2M	$2.1M	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.673	−0.182%	$641K	$146K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.710	−0.105%	$751K	$157K	20x	as long as short
Gate IREN_USDT	+0.0288%	8h	47.740	−0.042%	$748K	$1.2M	25x	as long as short
GRVT IREN_USDT_Perp	+0.0327%	8h	47.700	−0.126%	$4K	$186K	10x	as long as short
Phoenix IREN	+0.0337%	1h	47.689	−0.149%	$88	$35K	10x	as long as short
tradeXYZ xyz:IREN	+0.0778%	1h	47.768	+0.017%	$3.2M	$1.9M	10x	as long as short