IREN

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.024%

7d average—if it closes, per $10,000$2funding while held, a day+$0.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IREN	48.562	0	get 0.0000% / 8h	5h 23m	$173K	$46K	—
Short	Aster IRENUSDT	48.574	0	get 0.0000% / 8h	5h 23m	$29K	$3K	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee AsterbpOrdersClose when spread is

Spread captured: $2.41
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.59
Spread needed to break even: 0.080%

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Aster: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
Average in range /8h: —

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 Variational Omni RFQ quote, 12 min ago	6.82 bp	doesn't fit	67.5 bp −$675	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 price on every exchange

against the cheapest. Click to use as the short leg.

SunX48.560cheapest HTX48.560cheapest

Variational Omni48.562+0.005%

Gate48.570+0.021%KuCoin48.570+0.021%Vest48.570+0.021%

Aster48.574+0.029%

Extended48.580+0.041%Bybit48.580+0.041%OKX48.580+0.041%Paragon48.584+0.050%Bitget48.585+0.051%QFEX48.600+0.082%Binance48.603+0.090%Phoenix48.607+0.097%tradeXYZ48.621+0.126%Lighter RH48.662+0.210%

IREN on 17 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX IREN-USDT	−0.004%	0.0000%	8h	$1K	$385K	10x	as long as short
HTX IREN-USDT	−0.004%	0.0000%	8h	$9K	$609	20x	as long as short
Variational Omni IRENlong	0.000%	0.0000%	8h	$173K	$46K	—
Gate IREN_USDT	+0.016%	0.0000%	8h	$725K	$1.5M	25x	as long as short
KuCoin IRENUSDTM	+0.016%	+0.0100%	8h	$763K	$134K	20x	as long as short
Vest IREN-USD-PERP	+0.016%	+0.0038%	1h	—	$6K	10x	as long as short
Aster IRENUSDTshort	+0.024%	0.0000%	8h	$29K	$3K	20x
Extended IREN_24_5-USD	+0.037%	+0.0040%	1h	$4K	$6K	5x	as long as short
Bybit IRENUSDT	+0.037%	0.0000%	8h	$1.2M	$467K	25x	as long as short
OKX IREN-USDT-SWAP	+0.037%	0.0000%	8h	$685K	$623K	25x	as long as short

Show all 17 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Paragon para:IREN	+0.045%	+0.0060%	1h	$638K	$145K	10x	as long as short
Bitget IRENUSDT	+0.047%	0.0000%	8h	$2.0M	$477K	20x	as long as short
QFEX IREN-USD	+0.078%	+0.0014%	1h	$1.2M	$1.9M	10x	as long as short
Binance IRENUSDT	+0.085%	0.0000%	8h	$3.6M	$6.2M	25x	as long as short
Phoenix IREN	+0.092%	+0.0351%	1h	$92	$38K	10x	as long as short
tradeXYZ xyz:IREN	+0.121%	+0.0297%	1h	$3.6M	$1.6M	10x	as long as short
Lighter RH IREN	+0.206%	+0.0032%	1h	$68K	$95K	10x	as long as short