IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against OKX−0.086%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.086%, 7d avg +0.011%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.097% cheaper against OKX than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.011%). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IREN-USDT-SWAP	46.760	0	get 0.0000% / 8h	1h 23m	$622K	$691K	25x
Short	KuCoin IRENUSDTM	46.720	0.0100	get 0.0100% / 8h	1h 23m	$734K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $21
Price spread: −0.086% → +0.011%: −$9.69
Slippage, 4 orders: −$135.1
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$145.79
Costs to cover: 1.571%
Break-even: 55.6 days

Slippage from OKX: live order book, 18 min ago; KuCoin: live order book, 46 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, 18 min ago	4.28 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	8.52 bp	40.1 bp −$40	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
Bitget IRENUSDT	−0.0354%	8h	46.756	−0.009%	$2.1M	$526K	20x	as long as short
Vest IREN-USD-PERP	−0.0005%	1h	46.650	−0.235%	—	$15K	10x	as long as short
Aster IRENUSDT	0.0000%	8h	46.776	+0.033%	$24K	$9K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	46.793	+0.071%	$3.4M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	46.770	+0.021%	$1.2M	$550K	25x	as long as short
OKX IREN-USDT-SWAPlong	0.0000%	8h	46.760	long leg	$622K	$691K	25x
Gate IREN_USDT	0.0000%	8h	46.780	+0.043%	$717K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	46.722	−0.082%	$191K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	46.702	−0.123%	$4K	$217K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	46.760	0.000%	$882	$342K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IREN-USDT	0.0000%	8h	46.710	−0.107%	$9K	$868	20x	as long as short
QFEX IREN-USD	+0.0032%	1h	46.750	−0.021%	$1.2M	$1.6M	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	46.740	−0.043%	$4K	$7K	5x	as long as short
Paragon para:IREN	+0.0060%	1h	46.701	−0.126%	$601K	$182K	10x	as long as short
KuCoin IRENUSDTMshort	+0.0100%	8h	46.720	−0.086%	$734K	$255K	20x
Lighter RH IREN	+0.0136%	1h	46.800	+0.086%	$70K	$96K	10x	as long as short
tradeXYZ xyz:IREN	+0.0136%	1h	46.751	−0.019%	$3.1M	$2.0M	10x	as long as short
Phoenix IREN	+0.0341%	1h	46.675	−0.182%	$83	$31K	10x	as long as short