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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
−6.02%
3d Period Avg+11.91%
swing±8.82%
LONG OKX · nowIREN-USDT-SWAP
+0.00%
3d avg:+4.27%
SHORT Hotcoin · now
−6.02%
3d avg:+16.18%
Entry Spread Now
+0.000%
NeutralL 17.6000 · S 17.6000
24h range −1.52%…+0.62% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$12.22
−0.12%
$Avg Daily PnL
+$3.26
+0.0326%
★Best Day
+$4.38
Nov 13
◎Open Interest
OKX$820.4K
Hotcoin$1.11M⚡Funding APR
+11.90%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
6.8d
to break even
◧24h Volume
OKX$1.13MHotcoin$1.48MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.