Funding you earn now, next payment 03:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.079%
Price spread now: Binance against tradeXYZ+0.066%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 7 days−0.170%−$17 · spread now +0.066%, 7d avg +0.043%
=Together, before fees−0.476%+ Points / potential airdroptradeXYZ: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.023% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.043%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.306% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.455 | 0.0356 | pay 0.0045% / 1h | 21m 49s | $3.2M | $1.9M | 10x |
| Short | Binance IRENUSDT | 47.487 | 0 | get 0.0000% / 8h | 5h 21m | $3.5M | $6.1M | 25x |
tradeXYZ xyz:IREN
Binance IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- −$74.78
- Price spread: +0.066% → +0.043%
- $2.31
- Slippage, 4 orders
- −$29.39
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$129.86
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Binance: live order book, 2 min ago.
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 tradeXYZ live order book, 5 min ago | 2.63 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.16 bp | 13.1 bp −$13 | 51.5 bp −$515 | 392.2 bp −$39.2K | 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 | 47.539 | +0.178% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDTshort | 0.0000% | 8h | 47.487 | +0.066% | $3.5M | $6.1M | 25x | |
| Bybit IRENUSDT | 0.0000% | 8h | 47.450 | −0.011% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.400 | −0.116% | $646K | $620K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.470 | +0.032% | $720K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.428 | −0.057% | $2.0M | $428K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.450 | −0.010% | $210K | $85K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.455 | +0.001% | $4K | $182K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.460 | +0.011% | $953 | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.470 | +0.032% | $9K | $782 | 20x | as long as short |
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0009% | 1h | 47.380 | −0.158% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.440 | −0.032% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.493 | +0.080% | $69K | $96K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.445 | −0.021% | $4K | $7K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.423 | −0.068% | $610K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.440 | −0.032% | $747K | $206K | 20x | as long as short |
| Phoenix IREN | +0.0355% | 1h | 47.446 | −0.019% | $89 | $31K | 10x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0356% | 1h | 47.455 | long leg | $3.2M | $1.9M | 10x |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
Phoenix IREN