Funding arb · Price arb /

IREN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX−0.133%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.133% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX IREN-USDT	47.090	0	get 0.0000% / 8h	2h 50m	$998	$355K	10x
Short	Aster IRENUSDT	47.027	0	get 0.0000% / 8h	2h 50m	$29K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → 0.000%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 20 min ago; Aster: 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 SunX live order book, 20 min ago	46.66 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Bitget IRENUSDT	−0.0058%	8h	47.058	−0.068%	$2.1M	$500K	20x	as long as short
Aster IRENUSDTshort	0.0000%	8h	47.027	−0.133%	$29K	$4K	20x
Binance IRENUSDT	0.0000%	8h	47.078	−0.025%	$3.5M	$6.2M	25x	as long as short
Bybit IRENUSDT	0.0000%	8h	47.060	−0.064%	$1.2M	$545K	25x	as long as short
OKX IREN-USDT-SWAP	0.0000%	8h	47.080	−0.021%	$648K	$652K	25x	as long as short
Gate IREN_USDT	0.0000%	8h	47.090	0.000%	$722K	$1.2M	25x	as long as short
Variational Omni IREN	0.0000%	8h	47.092	+0.004%	$192K	$102K	—	as long as short
GRVT IREN_USDT_Perp	0.0000%	8h	47.075	−0.032%	$4K	$206K	10x	as long as short
SunX IREN-USDTlong	0.0000%	8h	47.090	long leg	$998	$355K	10x
HTX IREN-USDT	0.0000%	8h	47.050	−0.085%	$9K	$833	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	+0.0002%	1h	46.970	−0.255%	—	$15K	10x	as long as short
Extended IREN_24_5-USD	+0.0040%	1h	47.045	−0.096%	$4K	$7K	5x	as long as short
QFEX IREN-USD	+0.0043%	1h	47.080	−0.021%	$1.2M	$1.5M	10x	as long as short
Lighter RH IREN	+0.0048%	1h	47.101	+0.023%	$70K	$95K	10x	as long as short
Paragon para:IREN	+0.0060%	1h	47.020	−0.149%	$605K	$182K	10x	as long as short
KuCoin IRENUSDTM	+0.0100%	8h	47.070	−0.042%	$739K	$238K	20x	as long as short
tradeXYZ xyz:IREN	+0.0334%	1h	47.075	−0.032%	$3.2M	$2.0M	10x	as long as short
Phoenix IREN	+0.0340%	1h	47.041	−0.104%	$87	$31K	10x	as long as short