Funding you earn now, next payment 03:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.080%
Price spread now: tradeXYZ against OKX−0.063%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.063%, 7d avg −0.003%
=Together, before fees+0.430%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.060% cheaper against OKX than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.003%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.344% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX IREN-USDT-SWAP | 47.550 | 0 | get 0.0000% / 8h | 4h 59m | $648K | $621K | 25x |
| Short | tradeXYZ xyz:IREN | 47.520 | 0.0329 | get 0.0041% / 1h | 59m 47s | $3.2M | $1.9M | 10x |
OKX IREN-USDT-SWAP
tradeXYZ xyz:IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- $69.12
- Price spread: −0.063% → −0.003%
- −$5.96
- Slippage, 4 orders
- −$35.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $0.1
- Costs to cover
- 0.631%
- Break-even
- 7.0 days
Slippage from OKX: live order book, 61 min ago; tradeXYZ: live order book, 8 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, 61 min ago | 5.28 bp | 18.6 bp −$19 | 1470.2 bp −$14.7K | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.31 bp | 15.8 bp −$16 | 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 | 47.591 | +0.086% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.550 | 0.000% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.520 | −0.063% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAPlong | 0.0000% | 8h | 47.550 | long leg | $648K | $621K | 25x | |
| Gate IREN_USDT | 0.0000% | 8h | 47.540 | −0.021% | $722K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.495 | −0.116% | $2.0M | $419K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.551 | +0.002% | $212K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.530 | −0.042% | $4K | $186K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.520 | −0.063% | $1K | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.520 | −0.063% | $9K | $791 | 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 | +0.0010% | 1h | 47.450 | −0.210% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.540 | −0.021% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.564 | +0.029% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.505 | −0.095% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.500 | −0.105% | $611K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.540 | −0.021% | $747K | $211K | 20x | as long as short |
| tradeXYZ xyz:IRENshort | +0.0329% | 1h | 47.520 | −0.063% | $3.2M | $1.9M | 10x | |
| Phoenix IREN | +0.0355% | 1h | 47.579 | +0.061% | $90 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN