IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.006%

Price spread now: Extended against Paragon−0.107%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paragon Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.107% cheaper against Paragon than usual: you would sell low and buy high (−$11 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	Paragon para:IREN	47.070	0.0062	pay 0.0008% / 1h	3m 39s	$605K	$182K	10x
Short	Extended IREN_24_5-USD	47.020	0.0040	get 0.0005% / 1h	3m 39s	$4K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Paragon. 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 ParagonbpFee ExtendedbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$4.57
Price spread: −0.107% → 0.000%: −$10.69
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 12 min ago; Extended: no order-book sample. 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 Paragon live order book, 12 min ago	25.31 bp	31.5 bp −$32	42.4 bp −$424	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	47.141	+0.151%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.090	+0.042%	$3.4M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.080	+0.021%	$1.2M	$544K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	+0.021%	$647K	$649K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.110	+0.084%	$722K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.054	−0.035%	$2.1M	$501K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.087	+0.035%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.132	+0.131%	$4K	$204K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.100	+0.063%	$983	$356K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.100	+0.063%	$9K	$832	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest IREN-USD-PERP	+0.0008%	1h	47.000	−0.149%	—	$15K	10x	as long as short
QFEX IREN-USD	+0.0011%	1h	47.080	+0.021%	$1.2M	$1.5M	10x	as long as short
Extended IREN_24_5-USDshort	+0.0040%	1h	47.020	−0.107%	$4K	$7K	5x
Paragon para:IRENlong	+0.0062%	1h	47.070	long leg	$605K	$182K	10x
Lighter RH IREN	+0.0064%	1h	47.130	+0.127%	$69K	$97K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.090	+0.042%	$739K	$233K	20x	as long as short
tradeXYZ xyz:IREN	+0.0175%	1h	47.076	+0.012%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0286%	1h	47.109	+0.082%	$84	$31K	10x	as long as short