Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.008%
Price spread now: Variational Omni against QFEX+0.077%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.077%, 7d avg +0.036%
=Together, before fees+0.043%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.041% dearer against QFEX than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.036%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 4 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IREN-USD | 47.110 | 0.0011 | pay 0.0001% / 1h | 7m 03s | $1.2M | $1.5M | 10x |
| Short | Variational Omni IREN | 47.146 | 0 | get 0.0000% / 8h | 3h 07m | $210K | $85K | — |
QFEX IREN-USD
Variational Omni IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$2.23
- Price spread: +0.077% → +0.036%
- $4.13
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.11
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 47 min ago. 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 QFEX live order book, 5 min ago | 2.12 bp | 7.1 bp −$7 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 47 min ago | 5.20 bp | doesn't fit | 75.3 bp −$753 | doesn't fit | doesn't fit |
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 | 47.115 | +0.011% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.119 | +0.019% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.100 | −0.021% | $1.2M | $539K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.110 | 0.000% | $647K | $649K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.120 | +0.021% | $715K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.081 | −0.062% | $2.1M | $499K | 20x | as long as short |
| Variational Omni IRENshort | 0.0000% | 8h | 47.146 | +0.077% | $210K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.110 | 0.000% | $4K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.130 | +0.042% | $978 | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.070 | −0.085% | $9K | $830 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0009% | 1h | 47.010 | −0.212% | — | $15K | 10x | as long as short |
| QFEX IREN-USDlong | +0.0011% | 1h | 47.110 | long leg | $1.2M | $1.5M | 10x | |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.065 | −0.096% | $4K | $7K | 5x | as long as short |
| Lighter RH IREN | +0.0056% | 1h | 47.126 | +0.034% | $69K | $97K | 10x | as long as short |
| Paragon para:IREN | +0.0070% | 1h | 47.090 | −0.043% | $605K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.080 | −0.064% | $740K | $231K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0164% | 1h | 47.095 | −0.032% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.109 | −0.002% | $85 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
Extended IREN_24_5-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN