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updated —IREN Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+16.19%
swing±9.03%
LONG Gate.io · now
+0.00%
3d avg:+0.00%
SHORT MEXC · nowIRENSTOCK_USDT
+0.00%
3d avg:+16.19%
Entry Spread Now
−0.057%
Eaten by executionL 17.5900 · S 17.5800−$5.69 if it converges
24h range −0.79%…+1.29% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$5.70
−0.06%
$Avg Daily PnL
+$4.43
+0.0443%
★Best Day
+$5.47
Nov 13
◎Open Interest
Gate.io$1.11M
MEXC$1.67M⚡Funding APR
+16.18%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Gate.io$3.07MMEXC$658.4KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.