# IREN funding rates and arbitrage

Updated 2026-10-29 21:04 UTC · https://afterfees.xyz/coin/IREN

## 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](https://afterfees.xyz/venues/cryptocom) | IRENUSD-PERP | 0.0116% | 1 h | +101.8% | +69.2% | $1.6K | 2026-10-29 22:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | IRENUSDT | 0.0292% | 8 h | +32.0% | +1.1% | $3.8M | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKIREN2USD-USDT | 0.0280% | 8 h | +30.7% | +17.3% | $907.8K | 2026-10-30 00:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | IREN | 0.0033% | 1 h | +28.9% | +11.9% | $63.7K | 2026-10-29 22:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | IREN | 0.0032% | 1 h | +27.8% | +28.5% | — | 2026-10-29 22:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | para:IREN | 0.0025% | 1 h | +21.6% | +17.2% | $513.3K | 2026-10-29 22:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | IREN_PERP | 0.0100% | 8 h | +10.9% | +31.8% | $1.4M | 2026-10-30 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | IREN-USDC | 0.0013% | 1 h | +10.9% | — | $15.6K | 2026-10-29 22:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | IREN-USD | 0.0009% | 1 h | +7.5% | — | $1.6M | 2026-10-29 22:00 |
| [Binance](https://afterfees.xyz/venues/binance) | IRENUSDT | 0.0057% | 8 h | +6.2% | −5.8% | $6.9M | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | IRENSTOCK_USDT | 0.0055% | 8 h | +6.0% | −6.0% | $1.7M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | IRENUSDT | 0.0054% | 8 h | +5.9% | −4.2% | — | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:IREN | 0.0006% | 1 h | +5.5% | +8.8% | $4.5M | 2026-10-29 22:00 |
| [Extended](https://afterfees.xyz/venues/extended) | IREN_24_5-USD | 0.0005% | 1 h | +4.4% | +4.4% | $28K | 2026-10-29 22:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | IRENUSDTM | 0.0000% | 8 h | 0.0% | −3.2% | $257.2K | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | IREN-USDT-SWAP | 0.0000% | 8 h | 0.0% | −4.6% | $753.8K | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | IREN-USDT | 0.0000% | 8 h | 0.0% | +1.3% | $27.3K | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | IRENUSDT | 0.0000% | 8 h | 0.0% | +3.7% | $2.6M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | IREN_USDT_Perp | 0.0000% | 8 h | 0.0% | −7.0% | $4.6K | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | IRENUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $33.3K | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | IREN-PERP | 0.0000% | 8 h | 0.0% | — | $296.7K | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | IREN_USDT | 0.0000% | 8 h | 0.0% | +2.9% | $1.4M | 2026-10-30 00:00 |

## Cost to enter $10,000 of IREN

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | IREN | 16.9 bp | order-book snapshot, 59 min old |
| Hyperliquid | xyz:IREN | 2.3 bp | top of book only |
| MEXC | IRENSTOCK_USDT | 4.0 bp | top of book only |
| Bitget | IRENUSDT | 6.4 bp | top of book only |
| Bybit | IRENUSDT | 6.7 bp | top of book only |
| BingX | NCSKIREN2USD-USDT | 7.0 bp | top of book only |
| Variational | IREN-PERP | 8.3 bp | top of book only |
| Binance | IRENUSDT | 9.0 bp * | top of book only |
| OKX | IREN-USDT-SWAP | 9.0 bp * | top of book only |
| Gate | IREN_USDT | 11.5 bp | top of book only |
| GRVT | IREN_USDT_Perp | 12.5 bp | top of book only |
| KuCoin | IRENUSDTM | 16.0 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 +101.8% a year (0.0116% 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._