Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.011%
Price spread now: Lighter RH against Variational Omni+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.039% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread 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 | Variational Omni IREN | 47.277 | 0 | get 0.0000% / 8h | 3h 14m | $211K | $85K | — |
| Short | Lighter RH IREN | 47.295 | 0.0064 | get 0.0008% / 1h | 14m 17s | $69K | $97K | 10x |
Variational Omni IREN
Lighter RH IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Variational Omni. 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
- $13.44
- Price spread: +0.039% → 0.000%
- $3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $17.31
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Lighter RH: 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 Variational Omni RFQ quote, 40 min ago | 5.20 bp | doesn't fit | 64.1 bp −$641 | doesn't fit | doesn't fit |
| Sell Lighter RH no order-book sample | — | — | — | — | — |
Lighter RH: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IRENUSDT | 0.0000% | 8h | 47.249 | −0.059% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.270 | −0.014% | $3.4M | $6.1M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.240 | −0.078% | $1.2M | $539K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.320 | +0.092% | $651K | $651K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.270 | −0.014% | $717K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.264 | −0.027% | $2.1M | $497K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.277 | long leg | $211K | $85K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.275 | −0.004% | $5K | $204K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.270 | −0.014% | $1K | $355K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.250 | −0.057% | $9K | $828 | 20x | as long as short |
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0011% | 1h | 47.270 | −0.014% | $1.2M | $1.5M | 10x | as long as short |
| Vest IREN-USD-PERP | +0.0011% | 1h | 47.180 | −0.205% | — | $15K | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.210 | −0.141% | $4K | $7K | 5x | as long as short |
| Lighter RH IRENshort | +0.0064% | 1h | 47.295 | +0.039% | $69K | $97K | 10x | |
| Paragon para:IREN | +0.0080% | 1h | 47.211 | −0.139% | $607K | $182K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.250 | −0.057% | $743K | $229K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0156% | 1h | 47.241 | −0.076% | $3.2M | $2.0M | 10x | as long as short |
| Phoenix IREN | +0.0286% | 1h | 47.278 | +0.003% | $87 | $31K | 10x | as long as short |
QFEX IREN-USD
Vest IREN-USD-PERP
Extended IREN_24_5-USD
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
Phoenix IREN