Funding you earn now, next payment 10:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.003%
Price spread now: Binance against Vest+0.192%57s7-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
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.192% dearer against Vest than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Vest IREN-USD-PERP | 46.990 | −0.0005 | get 0.0001% / 1h | 9m 38s | — | $15K | 10x |
| Short | Binance IRENUSDT | 47.080 | 0.0070 | get 0.0070% / 8h | 6h 09m | $3.5M | $6.4M | 25x |
Vest IREN-USD-PERP
Binance IRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- $15.7
- Price spread: +0.192% → 0.000%
- $19.15
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $22.86
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Binance: live order book, 7 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 2.13 bp | 12.9 bp −$13 | 48.4 bp −$484 | 148.9 bp −$14.9K | doesn't fit |
Vest: 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 exchanges
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-PERPlong | −0.0005% | 1h | 46.990 | long leg | — | $15K | 10x | |
| Aster IRENUSDT | 0.0000% | 8h | 47.022 | +0.068% | $24K | $9K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.070 | +0.170% | $1.2M | $564K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.080 | +0.192% | $629K | $660K | 25x | as long as short |
| Gate IREN_USDT | 0.0000% | 8h | 47.060 | +0.149% | $812K | $1.4M | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.030 | +0.085% | $2.1M | $646K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.069 | +0.169% | $183K | $101K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.070 | +0.170% | $992 | $314K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.010 | +0.043% | $9K | $873 | 20x | as long as short |
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.015 | +0.053% | $4K | $4K | 5x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Gate IREN_USDT
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Extended IREN_24_5-USDShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX IREN-USD | +0.0051% | 1h | 47.070 | +0.170% | $1.2M | $1.5M | 10x | as long as short |
| Lighter RH IREN | +0.0056% | 1h | 47.085 | +0.202% | $71K | $97K | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.015 | +0.053% | $605K | $177K | 10x | as long as short |
| Binance IRENUSDTshort | +0.0070% | 8h | 47.080 | +0.192% | $3.5M | $6.4M | 25x | |
| KuCoin IRENUSDTM | +0.0100% | 8h | 47.050 | +0.128% | $744K | $394K | 20x | as long as short |
| tradeXYZ xyz:IREN | +0.0249% | 1h | 47.043 | +0.113% | $3.1M | $2.0M | 10x | as long as short |
| GRVT IREN_USDT_Perp | +0.0258% | 8h | 47.065 | +0.160% | $4K | $232K | 10x | as long as short |
| Phoenix IREN | +0.0307% | 1h | 47.064 | +0.157% | $85 | $31K | 10x | as long as short |
QFEX IREN-USD
Lighter RH IREN
Paragon para:IREN
KuCoin IRENUSDTM
tradeXYZ xyz:IREN
GRVT IREN_USDT_Perp
Phoenix IREN