IREN funding rates and arbitrage
Updated 2026-10-29 15:26 UTC
Best IREN arbitrage after every cost
No IREN pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
IREN funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | IRENUSD-PERP | 0.0106% | 1 h | +93.1% | +68.7% | $1.8K | 2026-10-29 16:00 |
| Bitget | IRENUSDT | 0.0488% | 8 h | +53.4% | −1.4% | $3.9M | 2026-10-29 16:00 |
| BingX | NCSKIREN2USD-USDT | 0.0465% | 8 h | +50.9% | +15.3% | $907.8K | 2026-10-29 16:00 |
| Lighter RH | IREN | 0.0030% | 1 h | +26.3% | +12.3% | $75.9K | 2026-10-29 16:00 |
| Phoenix | IREN | 0.0026% | 1 h | +22.8% | +29.0% | — | 2026-10-29 16:00 |
| Hyperliquid | xyz:IREN | 0.0024% | 1 h | +20.6% | +9.6% | $4.8M | 2026-10-29 16:00 |
| MEXC | IRENSTOCK_USDT | 0.0167% | 8 h | +18.3% | −6.6% | $2.1M | 2026-10-29 16:00 |
| Binance | IRENUSDT | 0.0166% | 8 h | +18.2% | −6.4% | $7.4M | 2026-10-29 16:00 |
| Bitunix | IRENUSDT | 0.0160% | 8 h | +17.6% | −4.9% | — | 2026-10-29 16:00 |
| KuCoin | IRENUSDTM | 0.0152% | 8 h | +16.6% | −3.8% | $335.4K | 2026-10-29 16:00 |
| WhiteBIT | IREN_PERP | 0.0100% | 8 h | +10.9% | +31.4% | $1.5M | 2026-10-29 16:00 |
| TXFlow | IREN-USDC | 0.0013% | 1 h | +10.9% | — | $15.6K | 2026-10-29 16:00 |
| HTX | IREN-USDT | 0.0096% | 8 h | +10.5% | +0.9% | $29.7K | 2026-10-29 16:00 |
| Hyperliquid | para:IREN | 0.0008% | 1 h | +6.6% | +18.0% | $429.7K | 2026-10-29 16:00 |
| QFEX | IREN-USD | 0.0007% | 1 h | +5.8% | — | $1.8M | 2026-10-29 16:00 |
| Variational | IREN-PERP | 0.0052% | 8 h | +5.7% | — | $325.7K | 2026-10-29 16:00 |
| Extended | IREN_24_5-USD | 0.0005% | 1 h | +4.4% | +4.4% | $36.1K | 2026-10-29 16:00 |
| GRVT | IREN_USDT_Perp | 0.0017% | 8 h | +1.9% | −6.9% | $4.8K | 2026-10-29 16:00 |
| OKX | IREN-USDT-SWAP | 0.0000% | 8 h | 0.0% | −4.5% | $862.1K | 2026-10-29 16:00 |
| Bybit | IRENUSDT | 0.0000% | 8 h | 0.0% | +4.2% | $2.8M | 2026-10-29 16:00 |
| Aster | IRENUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $35.8K | 2026-10-29 16:00 |
| Gate | IREN_USDT | 0.0000% | 8 h | 0.0% | +2.8% | $1.4M | 2026-10-29 16:00 |
Cost to enter $10,000 of IREN
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | IRENSTOCK_USDT | 3.8 bp | live order book |
| Binance | IRENUSDT | 10.1 bp * | live order book |
| Bitget | IRENUSDT | 20.0 bp | live order book |
| Variational | IREN-PERP | 4.8 bp | top of book only |
| Hyperliquid | xyz:IREN | 5.0 bp | top of book only |
| Bybit | IRENUSDT | 6.4 bp | top of book only |
| BingX | NCSKIREN2USD-USDT | 6.8 bp | top of book only |
| OKX | IREN-USDT-SWAP | 6.8 bp * | top of book only |
| Extended | IREN_24_5-USD | 6.8 bp | top of book only |
| Gate | IREN_USDT | 9.3 bp | top of book only |
| KuCoin | IRENUSDTM | 13.3 bp | top of book only |
| GRVT | IREN_USDT_Perp | 15.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is IREN funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no IREN pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest IREN funding rate?
Crypto.com at +93.1% a year (0.0106% every 1 h); the lowest is Gate at 0.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.