Settings8H · net · $10k
Funding arb · Price arb /

IREN

RWAall IREN markets
SwapBacktest
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: Bybit against SunX0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1861.860% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.155%+$15 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.011%
Together, before fees+0.155%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX IREN-USDT47.6400get 0.0000% / 8h7h 52m$878$370K10x
ShortBybit IRENUSDT47.6400get 0.0000% / 8h7h 52m$1.2M$475K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: 0.000% → −0.011%
$1.15
Slippage, 4 orders
−$167
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$184.85
Costs to cover
1.860%
Break-even
never at this rate
Slippage from SunX: live order book, 68 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 68 min ago47.43 bp67.0 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.10 bp24.8 bp −$25120.7 bp −$1,207doesn't fitdoesn't fit

IREN on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster IRENUSDT0.0000%8h47.694+0.114%$29K$4K20xas long as short
Bybit IRENUSDTshort0.0000%8h47.6400.000%$1.2M$475K25x
OKX IREN-USDT-SWAP0.0000%8h47.680+0.084%$662K$641K25xas long as short
Bitget IRENUSDT0.0000%8h47.616−0.050%$2.0M$442K20xas long as short
Variational Omni IREN0.0000%8h47.639−0.003%$208K$85Kas long as short
GRVT IREN_USDT_Perp0.0000%8h47.590−0.105%$5K$186K10xas long as short
SunX IREN-USDTlong0.0000%8h47.640long leg$878$370K10x
HTX IREN-USDT0.0000%8h47.620−0.042%$9K$72420xas long as short
Vest IREN-USD-PERP+0.0001%1h47.600−0.084%$15K10xas long as short
Binance IRENUSDT+0.0015%8h47.670+0.063%$3.5M$6.3M25xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH IREN+0.0032%1h47.694+0.113%$68K$108K10xas long as short
Gate IREN_USDT+0.0035%8h47.6400.000%$746K$1.2M25xas long as short
Extended IREN_24_5-USD+0.0040%1h47.600−0.084%$4K$8K5xas long as short
QFEX IREN-USD+0.0045%1h47.650+0.021%$1.2M$2.1M10xas long as short
Paragon para:IREN+0.0060%1h47.620−0.042%$640K$147K10xas long as short
KuCoin IRENUSDTM+0.0100%8h47.620−0.042%$750K$157K20xas long as short
Phoenix IREN+0.0337%1h47.689+0.103%$83$35K10xas long as short
tradeXYZ xyz:IREN+0.1074%1h47.648+0.017%$3.2M$1.9M10xas long as short