Funding you earn now, next payment 02:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.008%
Price spread now: QFEX against Variational Omni−0.101%47s7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.287%−$29 · spread now −0.101%, 7d avg −0.034%
=Together, before fees−0.375%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. QFEX is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.034%). If the spread goes back, that is −$7 on $10k: about 7.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour. The two prices were read 47 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 | 47.338 | 0 | get 0.0000% / 8h | 6h 38m | $209K | $87K | — |
| Short | QFEX IREN-USD | 47.290 | 0.0029 | get 0.0004% / 1h | 38m 49s | $1.3M | $1.9M | 10x |
Variational Omni IREN
QFEX IREN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $6.17
- Price spread: −0.101% → −0.034%
- −$6.62
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$10.46
- Costs to cover
- 0.100%
- Break-even
- 18.9 days
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; QFEX: live order book, 3 min ago. 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, 30 min ago | 5.19 bp | doesn't fit | 63.4 bp −$634 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.11 bp | 11.3 bp −$11 | 19.8 bp −$198 | 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 | 47.446 | +0.229% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.300 | −0.080% | $1.2M | $527K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.310 | −0.058% | $646K | $636K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.320 | −0.037% | $727K | $1.2M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.292 | −0.096% | $2.0M | $438K | 20x | as long as short |
| Variational Omni IRENlong | 0.0000% | 8h | 47.338 | long leg | $209K | $87K | — | |
| GRVT IREN_USDT_Perp | 0.0000% | 8h | 47.360 | +0.047% | $5K | $180K | 10x | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.380 | +0.089% | $842 | $360K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.320 | −0.037% | $9K | $752 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0004% | 1h | 47.240 | −0.206% | — | $15K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
GRVT IREN_USDT_Perp
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USDshort | +0.0029% | 1h | 47.290 | −0.101% | $1.3M | $1.9M | 10x | |
| Binance IRENUSDT | +0.0035% | 8h | 47.304 | −0.071% | $3.4M | $6.3M | 25x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.310 | −0.058% | $4K | $7K | 5x | as long as short |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.300 | −0.080% | $743K | $176K | 20x | as long as short |
| Lighter RH IREN | +0.0104% | 1h | 47.370 | +0.068% | $68K | $98K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0239% | 1h | 47.298 | −0.084% | $3.2M | $1.9M | 10x | as long as short |
| Phoenix IREN | +0.0353% | 1h | 47.376 | +0.081% | $84 | $31K | 10x | as long as short |
| Paragon para:IREN | +0.0513% | 1h | 47.280 | −0.122% | $600K | $169K | 10x | as long as short |
Binance IRENUSDT
Extended IREN_24_5-USD
KuCoin IRENUSDTM
Lighter RH IREN
tradeXYZ xyz:IREN
Phoenix IREN
Paragon para:IREN