Funding you earn now, next payment 04:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.096%
Price spread now: Vest against Phoenix−0.211%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Vest is 0.211% cheaper against Phoenix than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix IREN | 47.440 | 0.0286 | pay 0.0036% / 1h | 39m 47s | $84 | $31K | 10x |
| Short | Vest IREN-USD-PERP | 47.340 | 0.0018 | get 0.0002% / 1h | 39m 47s | — | $15K | 10x |
Phoenix IREN
Vest IREN-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Phoenix. 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
- −$56.25
- Price spread: −0.211% → 0.000%
- −$21.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$86.33
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Vest: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
Phoenix and Vest: 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 | 47.398 | −0.088% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.350 | −0.190% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.330 | −0.232% | $1.2M | $538K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.350 | −0.190% | $659K | $648K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.370 | −0.148% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.372 | −0.143% | $2.1M | $495K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.412 | −0.060% | $211K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.458 | +0.038% | $5K | $198K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.420 | −0.042% | $970 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.370 | −0.148% | $9K | $819 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0011% | 1h | 47.420 | −0.042% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERPshort | +0.0018% | 1h | 47.340 | −0.211% | — | $15K | 10x | |
| Lighter RH IREN | +0.0032% | 1h | 47.394 | −0.097% | $68K | $95K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.340 | −0.211% | $4K | $7K | 5x | as long as short |
| tradeXYZ xyz:IREN | +0.0061% | 1h | 47.335 | −0.221% | $3.2M | $2.0M | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.380 | −0.126% | $745K | $224K | 20x | as long as short |
| Paragon para:IREN | +0.0123% | 1h | 47.310 | −0.274% | $608K | $182K | 10x | as long as short |
| Phoenix IRENlong | +0.0286% | 1h | 47.440 | long leg | $84 | $31K | 10x |
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
tradeXYZ xyz:IREN
KuCoin IRENUSDTM
Paragon para:IREN