Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average—if it closes, per $10,000$5funding while held, a day−$7.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix IREN | 48.576 | 0.0351 | pay 0.0044% / 1h | 3m 33s | $87 | $38K | 10x |
| Short | KuCoin IRENUSDTM | 48.600 | 0.0100 | get 0.0100% / 8h | 5h 03m | $764K | $134K | 20x |
Phoenix IREN
KuCoin IRENUSDTMPrice 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
- $4.94
- Funding while held
- −$7.52
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.58
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 57 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0251%
- Per $10,000 a day
- −$7.52
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 57 min ago | 8.33 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.HTX48.520cheapestBitget48.524+0.008%Vest48.530+0.021%Paragon48.549+0.060%Aster48.556+0.074%Gate48.560+0.082%Extended48.565+0.093%Bybit48.570+0.103%OKX48.570+0.103%SunX48.570+0.103%tradeXYZ48.574+0.111%
HTX
Bitget
Vest
Paragon
Aster
Gate
Extended
Bybit
OKX
SunX
tradeXYZPhoenix48.576+0.115%
Binance48.580+0.124%Variational Omni48.587+0.137%QFEX48.590+0.144%
Binance
Variational Omni
QFEXKuCoin48.600+0.165%
Lighter RH48.639+0.245%
Lighter RHIREN on 17 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX IREN-USDT | −0.115% | 0.0000% | 8h | $9K | $617 | 20x | as long as short |
| Bitget IRENUSDT | −0.107% | 0.0000% | 8h | $2.0M | $481K | 20x | as long as short |
| Vest IREN-USD-PERP | −0.095% | +0.0046% | 1h | — | $6K | 10x | as long as short |
| Paragon para:IREN | −0.055% | +0.0060% | 1h | $638K | $146K | 10x | as long as short |
| Aster IRENUSDT | −0.041% | 0.0000% | 8h | $29K | $3K | 20x | as long as short |
| Gate IREN_USDT | −0.033% | 0.0000% | 8h | $725K | $1.5M | 25x | as long as short |
| Extended IREN_24_5-USD | −0.023% | +0.0040% | 1h | $4K | $6K | 5x | as long as short |
| Bybit IRENUSDT | −0.012% | 0.0000% | 8h | $1.2M | $472K | 25x | as long as short |
| OKX IREN-USDT-SWAP | −0.012% | 0.0000% | 8h | $684K | $629K | 25x | as long as short |
| SunX IREN-USDT | −0.012% | 0.0000% | 8h | $900 | $386K | 10x | as long as short |
Show all 17 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:IREN | −0.004% | +0.0290% | 1h | $3.6M | $1.7M | 10x | as long as short |
| Phoenix IRENlong | 0.000% | +0.0351% | 1h | $87 | $38K | 10x | |
| Binance IRENUSDT | +0.008% | 0.0000% | 8h | $3.6M | $6.3M | 25x | as long as short |
| Variational Omni IREN | +0.022% | 0.0000% | 8h | $175K | $48K | — | as long as short |
| QFEX IREN-USD | +0.029% | +0.0014% | 1h | $1.2M | $1.9M | 10x | as long as short |
| KuCoin IRENUSDTMshort | +0.049% | +0.0100% | 8h | $764K | $134K | 20x | |
| Lighter RH IREN | +0.130% | +0.0032% | 1h | $68K | $96K | 10x | as long as short |