IREN funding rates
IREN perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 23.6%long Aster, short Bybit · net 18.6%
- Highest funding now
- 301%BgBitgetCEX
- Lowest funding now
- 0.0%AsAster
- Listed on
- 7 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BgBitgetCEX | IRENUSDT | 301% | 48.6% | 7.8% | 3.3% | 1.0% | 27% | 8h | 08:00 | 38.27 | $2.8M | $3.4M | TradFi | BgBitget | |
| VaVariational | IREN | 109% | 26.0% | 16.5% | 3.2% | 14.9% | 58% | 8h | — | 38.30 | $450k | $306k | TradFi | VaVariational | |
| LrLighter RH | IREN | 35.0% | 32.9% | 17.0% | 7.8% | 14.4% | 99% | 1h | 04:00 | 38.43 | $122k | $75k | TradFi | LrLighter RH | |
| ByBybitCEX | IRENUSDT | 8.2% | 61.3% | 23.7% | 8.9% | 17.5% | 64% | 8h | 08:00 | 38.31 | $2.2M | $1.4M | TradFi | ByBybit | |
| GrGRVT | IREN_USDT_Perp | 6.9% | 57.0% | 18.3% | 6.5% | 11.8% | 60% | 8h | 08:00 | 38.30 | $4k | $152k | TradFi | GrGRVT | |
| AsAster | IRENUSDT | 0.0% | 0.8% | 0.2% | 0.0% | 0.1% | 10% | 8h | 08:00 | 38.32 | $36k | $10k | TradFi | AsAster | |
| GtGateCEX | IREN_USDT | 0.0% | 38.9% | 12.1% | 6.3% | 7.6% | 27% | 8h | 08:00 | 38.32 | $2.5M | $1.8M | TradFi | GtGate |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| BgBitgetCEX | ByBybitCEX | −292% | 12.7% | 15.9% | 5.6% | 9.9% | 14.9% | 5.3d | cooling | $2.2M | TradFi | BgBy | calc | |
| AsAster | LrLighter RH | 35.0% | 32.1% | 16.8% | 7.8% | 14.7% | 22.1% | 1.7d | steady | $36k | low OI8h/1hTradFi | AsLr | calc | |
| AsAster | VaVariational | 109% | 25.2% | 16.3% | 3.1% | 14.2% | 21.3% | 1.8d | steady | $36k | low OITradFispread not incl. | AsVa | calc | |
| BgBitgetCEX | LrLighter RH | −266% | −15.7% | 9.2% | 4.8% | 6.1% | 9.1% | 4.8d | cooling | $122k | 8h/1hTradFi | BgLr | calc | |
| BgBitgetCEX | VaVariational | −192% | −22.6% | 8.7% | −0.1% | 5.6% | 8.3% | 5.0d | cooling | $450k | TradFispread not incl. | BgVa | calc | |
| GtGateCEX | ByBybitCEX | 8.2% | 22.4% | 11.6% | 2.6% | 4.9% | 7.3% | 8.2d | steady | $2.2M | TradFi | GtBy | calc | |
| AsAster | ByBybitCEX | 8.2% | 60.5% | 23.6% | 8.9% | 18.6% | 27.9% | 2.9d | spike ×3.5 | $36k | low OITradFi | AsBy | calc | |
| AsAster | GrGRVT | 6.9% | 56.3% | 18.1% | 6.5% | 13.7% | 20.5% | 3.4d | spike ×4.8 | $4k | low OITradFi | AsGr | calc | |
| BgBitgetCEX | GrGRVT | −294% | 8.4% | 10.5% | 3.2% | 5.0% | 7.5% | 7.3d | cooling | $4k | low OITradFi | BgGr | calc | |
| AsAster | GtGateCEX | 0.0% | 38.1% | 11.9% | 6.3% | 5.9% | 8.9% | 7.0d | spike ×5.0 | $36k | low OITradFi | AsGt | calc | |
| VaVariational | ByBybitCEX | −101% | 35.3% | 7.2% | 5.8% | 4.4% | 6.6% | 5.5d | spike ×13.7 | $450k | TradFispread not incl. | VaBy | calc | |
| GtGateCEX | LrLighter RH | 35.0% | −6.0% | 4.9% | −0.1% | 1.0% | 1.5% | 11d | cooling | $122k | 8h/1hTradFi | GtLr | calc | |
| LrLighter RH | ByBybitCEX | −26.9% | 28.5% | 6.7% | 4.1% | 3.9% | 5.8% | 6.0d | spike ×9.2 | $122k | 1h/8hTradFi | LrBy | calc | |
| AsAster | BgBitgetCEX | 301% | 47.8% | 7.6% | 3.2% | 2.4% | 3.6% | 9.6d | spike ×51.8 | $36k | low OITradFi | AsBg | calc | |
| VaVariational | LrLighter RH | −73.8% | 6.8% | 0.5% | 1.5% | 0.5% | 0.8% | <0.1d | weak | $122k | 8h/1hTradFispread not incl. | VaLr | calc | |
| GtGateCEX | VaVariational | 109% | −12.9% | 4.4% | −3.1% | 0.5% | 0.7% | 12d | cooling | $450k | TradFispread not incl. | GtVa | calc | |
| GrGRVT | ByBybitCEX | 1.3% | 4.3% | 5.4% | 2.4% | 0.2% | 0.3% | 13d | steady | $4k | low OITradFi | GrBy | calc | |
| GtGateCEX | GrGRVT | 6.9% | 18.2% | 6.2% | 0.2% | −0.1% | −0.1% | 14d | spike ×4.3 | $4k | low OITradFi | GtGr | calc | |
| LrLighter RH | VaVariational | 73.8% | −6.8% | −0.5% | −1.5% | −0.5% | −0.8% | — | mixed | $122k | 1h/8hTradFispread not incl. | LrVa | calc | |
| VaVariational | GrGRVT | −102% | 31.0% | 1.8% | 3.3% | −0.5% | −0.8% | 18d | spike | $4k | low OITradFispread not incl. | VaGr | calc | |
| BgBitgetCEX | GtGateCEX | −301% | −9.7% | 4.3% | 3.0% | −2.7% | −4.1% | 23d | cooling | $2.5M | TradFi | BgGt | calc | |
| GrGRVT | LrLighter RH | 28.1% | −24.2% | −1.3% | −1.8% | −3.6% | −5.4% | — | weak | $4k | low OI8h/1hTradFi | GrLr | calc | |
| GrGRVT | VaVariational | 102% | −31.0% | −1.8% | −3.3% | −4.2% | −6.2% | — | weak | $4k | low OITradFispread not incl. | GrVa | calc | |
| LrLighter RH | GrGRVT | −28.1% | 24.2% | 1.3% | 1.8% | −1.1% | −1.6% | 26d | spike | $4k | low OI1h/8hTradFi | LrGr | calc | |
| GtGateCEX | BgBitgetCEX | 301% | 9.7% | −4.3% | −3.0% | −11.3% | −17.0% | — | weak | $2.5M | TradFi | GtBg | calc | |
| ByBybitCEX | LrLighter RH | 26.9% | −28.5% | −6.7% | −4.1% | −9.6% | −14.4% | — | mixed | $122k | 8h/1hTradFi | ByLr | calc | |
| ByBybitCEX | VaVariational | 101% | −35.3% | −7.2% | −5.8% | −10.1% | −15.2% | — | mixed | $450k | TradFispread not incl. | ByVa | calc | |
| ByBybitCEX | BgBitgetCEX | 292% | −12.7% | −15.9% | −5.6% | −21.9% | −32.9% | — | mixed | $2.2M | TradFi | ByBg | calc | |
| VaVariational | BgBitgetCEX | 192% | 22.6% | −8.7% | 0.1% | −11.8% | −17.7% | — | spike | $450k | TradFispread not incl. | VaBg | calc | |
| LrLighter RH | BgBitgetCEX | 266% | 15.7% | −9.2% | −4.8% | −12.3% | −18.5% | — | spike | $122k | 1h/8hTradFi | LrBg | calc | |
| GrGRVT | BgBitgetCEX | 294% | −8.4% | −10.5% | −3.2% | −16.0% | −24.0% | — | mixed | $4k | low OITradFi | GrBg | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:16 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
IREN · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | LrLighter RH38.4295 | GtGate38.32 | AsAster38.3199 | ByBybit38.31 | VaVariational38.3042 | GrGRVT38.3006 | BgBitget38.271 |
|---|---|---|---|---|---|---|---|
| BgBitget38.271 | 0.413% | 0.128% | 0.128% | 0.102% | 0.087% | 0.077% | — |
| GrGRVT38.3006 | 0.336% | 0.051% | 0.050% | 0.024% | 0.009% | — | −0.077% |
| VaVariational38.3042 | 0.327% | 0.041% | 0.041% | 0.015% | — | −0.009% | −0.087% |
| ByBybit38.31 | 0.311% | 0.026% | 0.026% | — | −0.015% | −0.024% | −0.102% |
| AsAster38.3199 | 0.286% | 0.000% | — | −0.026% | −0.041% | −0.050% | −0.128% |
| GtGate38.32 | 0.285% | — | 0.000% | −0.026% | −0.041% | −0.051% | −0.128% |
| LrLighter RH38.4295 | — | −0.285% | −0.286% | −0.311% | −0.327% | −0.336% | −0.413% |
All quotes (7)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 38.3199 | 38.3199 | mark | 7m | $10k | closedno FX |
| BgBitgetCEX | 38.271 | 38.271 | mark | 7m | $3.4M | closedno FX |
| ByBybitCEX | 38.31 | 38.31 | mark | 7m | $1.4M | closedno FX |
| GtGateCEX | 38.32 | 38.32 | mark | 7m | $1.8M | closedno FX |
| GrGRVT | 38.3006 | 38.3006 | mark | 7m | $152k | closedno FX |
| LrLighter RH | 38.4295 | 38.4295 | mark | 7m | $75k | closed |
| VaVariational | 38.3042 | 38.3042 | mark | 7m | $306k | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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