IREN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter RH against Paragon+0.072%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

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

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.072% dearer against Paragon than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:IREN	47.550	0.0060	pay 0.0008% / 1h	34m 45s	$611K	$182K	10x
Short	Lighter RH IREN	47.584	0.0032	get 0.0004% / 1h	34m 45s	$69K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$5.88
Price spread: +0.072% → 0.000%: $7.15
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 61 min ago; Lighter RH: 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, 61 min ago	24.26 bp	29.6 bp −$30	38.1 bp −$381	doesn't fit	doesn't fit
Sell Lighter RH no order-book sample	—	—	—	—	—

Lighter RH: 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	47.584	+0.072%	$29K	$4K	20x	as long as short
Binance IRENUSDT	0.0000%	8h	47.570	+0.042%	$3.5M	$6.1M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.540	−0.021%	$1.2M	$541K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.480	−0.147%	$645K	$619K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.550	0.000%	$724K	$1.2M	25x	as long as short
Bitget IRENUSDT	0.0000%	8h	47.506	−0.093%	$2.0M	$417K	20x	as long as short
Variational Omni IREN	0.0000%	8h	47.547	−0.007%	$212K	$87K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.560	+0.021%	$4K	$190K	10x	as long as short
SunX IREN-USDT	0.0000%	8h	47.560	+0.021%	$830	$358K	10x	as long as short
HTX IREN-USDT	0.0000%	8h	47.560	+0.021%	$9K	$797	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	+0.0014%	1h	47.500	−0.105%	—	$15K	10x	as long as short
Lighter RH IRENshort	+0.0032%	1h	47.584	+0.072%	$69K	$94K	10x
Extended IREN_24_5-USD	+0.0040%	1h	47.560	+0.021%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0044%	1h	47.540	−0.021%	$1.2M	$1.7M	10x	as long as short
Paragon para:IRENlong	+0.0060%	1h	47.550	long leg	$611K	$182K	10x
tradeXYZ xyz:IREN	+0.0094%	1h	47.572	+0.046%	$3.2M	$2.0M	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.560	+0.021%	$748K	$218K	20x	as long as short
Phoenix IREN	+0.0421%	1h	47.601	+0.107%	$87	$31K	10x	as long as short