Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.050%
Price spread now: KuCoin against tradeXYZ+0.042%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.527%+$53 · spread now +0.042%, 7d avg +0.017%
=Together, before fees+0.451%+ Points / potential airdroptradeXYZ: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.025% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:IREN | 47.520 | 0.0050 | pay 0.0006% / 1h | 58m 55s | $3.2M | $1.9M | 10x |
| Short | KuCoin IRENUSDTM | 47.540 | 0.0100 | get 0.0100% / 8h | 4h 58m | $747K | $211K | 20x |
tradeXYZ xyz:IREN
KuCoin IRENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.5
- Price spread: +0.042% → +0.017%
- $2.46
- Slippage, 4 orders
- −$113.28
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$130.32
- Costs to cover
- 1.433%
- Break-even
- 93.9 days
Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 25 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, 9 min ago | 2.31 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 9.48 bp | 47.8 bp −$48 | doesn't fit | 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 | 47.570 | +0.104% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.536 | +0.033% | $3.5M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.510 | −0.021% | $1.2M | $541K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.510 | −0.021% | $647K | $621K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.520 | 0.000% | $723K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.486 | −0.072% | $2.0M | $419K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.551 | +0.065% | $212K | $87K | — | as long as short |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.550 | +0.063% | $4K | $186K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.540 | +0.042% | $1K | $358K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.520 | 0.000% | $9K | $790 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | +0.0010% | 1h | 47.460 | −0.126% | — | $15K | 10x | as long as short |
| QFEX IREN-USD | +0.0026% | 1h | 47.520 | 0.000% | $1.2M | $1.7M | 10x | as long as short |
| Lighter RH IREN | +0.0032% | 1h | 47.535 | +0.032% | $69K | $94K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.505 | −0.032% | $4K | $7K | 5x | as long as short |
| tradeXYZ xyz:IRENlong | +0.0050% | 1h | 47.520 | long leg | $3.2M | $1.9M | 10x | |
| Paragon para:IREN | +0.0060% | 1h | 47.500 | −0.042% | $611K | $182K | 10x | as long as short |
| KuCoin IRENUSDTMshort | +0.0100% | 8h | 47.540 | +0.042% | $747K | $211K | 20x | |
| Phoenix IREN | +0.0355% | 1h | 47.559 | +0.082% | $86 | $31K | 10x | as long as short |
Vest IREN-USD-PERP
QFEX IREN-USD
Lighter RH IREN
Extended IREN_24_5-USD
Paragon para:IREN
Phoenix IREN