Funding you earn now, next payment 23:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.002%
Price spread now: Phoenix against Variational Omni+0.048%99s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.048% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni IREN | 47.454 | 0 | get 0.0000% / 8h | 43m 55s | $207K | $88K | — |
| Short | Phoenix IREN | 47.477 | 0.0388 | get 0.0049% / 1h | 43m 55s | $85 | $38K | 10x |
Variational Omni IREN
Phoenix IRENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $81.49
- Price spread: +0.048% → 0.000%
- $4.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $79.32
- Costs to cover
- 0.070%
- Break-even
- 0.2 days
Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Phoenix: 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, 35 min ago | 3.50 bp | doesn't fit | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest IREN-USD-PERP | −0.0001% | 1h | 47.360 | −0.198% | — | $15K | 10x | as long as short |
| Aster IRENUSDT | 0.0000% | 8h | 47.433 | −0.044% | $29K | $4K | 20x | as long as short |
| Binance IRENUSDT | 0.0000% | 8h | 47.460 | +0.013% | $3.5M | $6.6M | 25x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.430 | −0.051% | $1.2M | $498K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.450 | −0.009% | $662K | $682K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.450 | −0.009% | $737K | $1.5M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.415 | −0.082% | $2.0M | $524K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.454 | long leg | $207K | $88K | — | |
| SunX IREN-USDT | 0.0000% | 8h | 47.450 | −0.009% | $1K | $388K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.410 | −0.093% | $9K | $709 | 20x | as long as short |
Vest IREN-USD-PERP
Aster IRENUSDT
Binance IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
SunX IREN-USDT
HTX IREN-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT IREN_USDT_Perp | +0.0007% | 8h | 47.452 | −0.003% | $4K | $191K | 10x | as long as short |
| QFEX IREN-USD | +0.0032% | 1h | 47.450 | −0.009% | $1.2M | $2.1M | 10x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.400 | −0.113% | $4K | $8K | 5x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.410 | −0.093% | $637K | $147K | 10x | as long as short |
| Lighter RH IREN | +0.0072% | 1h | 47.474 | +0.042% | $68K | $111K | 10x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.460 | +0.013% | $746K | $155K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0352% | 1h | 47.437 | −0.036% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IRENshort | +0.0388% | 1h | 47.477 | +0.048% | $85 | $38K | 10x |
GRVT IREN_USDT_Perp
QFEX IREN-USD
Extended IREN_24_5-USD
Paragon para:IREN
Lighter RH IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN