After costs, if the gap returns to its 7d average, $10k−$81
spread now+0.115%7d average+0.024%fees + slippage, in and out−$90spread needed0.904%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:IREN | 47.795 | 0.0060 | pay 0.0008% / 1h | 27m 49s | $628K | $145K | 10x |
| Short | Bybit IRENUSDT | 47.850 | 0 | get 0.0000% / 8h | 6h 27m | $1.2M | $452K | 25x |
Paragon para:IREN
Bybit IRENUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $11.55
- Funding while held
- −$1.8
- Slippage, 4 orders
- −$69.41
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.66
- Spread needed to break even
- 0.904%
Slippage from Paragon: live order book, 40 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0060%
- Per $10,000 a day
- −$1.80
- Average in range /8h
- —
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 Paragon live order book, 40 min ago | 10.93 bp | 19.7 bp −$20 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.15 bp | 13.7 bp −$14 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
IREN price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni47.683cheapestPhoenix47.732+0.104%Vest47.760+0.162%SunX47.760+0.162%
Variational Omni
Phoenix
Vest
SunXParagon47.795+0.235%
OKX47.830+0.309%QFEX47.830+0.309%Gate47.830+0.309%HTX47.830+0.309%Aster47.839+0.329%KuCoin47.840+0.330%
OKX
QFEX
Gate
HTX
Aster
KuCoinBybit47.850+0.351%
Bitget47.850+0.351%Extended47.864+0.380%Lighter RH47.871+0.395%Binance47.880+0.414%tradeXYZ47.894+0.443%
Bitget
Extended
Lighter RH
Binance
tradeXYZIREN on 17 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni IREN | −0.235% | 0.0000% | 8h | $170K | $45K | — | as long as short |
| Phoenix IREN | −0.131% | +0.0437% | 1h | $85 | $38K | 10x | as long as short |
| Vest IREN-USD-PERP | −0.073% | +0.0013% | 1h | — | $6K | 10x | as long as short |
| SunX IREN-USDT | −0.073% | 0.0000% | 8h | $999 | $382K | 10x | as long as short |
| Paragon para:IRENlong | 0.000% | +0.0060% | 1h | $628K | $145K | 10x | |
| OKX IREN-USDT-SWAP | +0.074% | 0.0000% | 8h | $667K | $591K | 25x | as long as short |
| QFEX IREN-USD | +0.074% | +0.0028% | 1h | $1.2M | $1.8M | 10x | as long as short |
| Gate IREN_USDT | +0.074% | 0.0000% | 8h | $714K | $1.5M | 25x | as long as short |
| HTX IREN-USDT | +0.074% | 0.0000% | 8h | $9K | $593 | 20x | as long as short |
| Aster IRENUSDT | +0.093% | 0.0000% | 8h | $28K | $2K | 20x | as long as short |
Show all 17 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin IRENUSDTM | +0.095% | +0.0100% | 8h | $752K | $133K | 20x | as long as short |
| Bybit IRENUSDTshort | +0.115% | 0.0000% | 8h | $1.2M | $452K | 25x | |
| Bitget IRENUSDT | +0.115% | 0.0000% | 8h | $2.0M | $465K | 20x | as long as short |
| Extended IREN_24_5-USD | +0.144% | +0.0040% | 1h | $4K | $6K | 5x | as long as short |
| Lighter RH IREN | +0.159% | +0.0032% | 1h | $68K | $95K | 10x | as long as short |
| Binance IRENUSDT | +0.179% | 0.0000% | 8h | $3.5M | $6.1M | 25x | as long as short |
| tradeXYZ xyz:IREN | +0.208% | +0.0285% | 1h | $3.8M | $1.5M | 10x | as long as short |