IREN funding rates and arbitrage
Updated 2026-11-11 22:51 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 | 0.0127% | 1 h | +111.3% | +82.0% | $13.7K | 2026-11-11 23:00 |
| HTX | IREN-USDT | 0.0258% | 8 h | +28.3% | +3.2% | $26K | 2026-11-12 00:00 |
| KuCoin | IRENUSDTM | 0.0223% | 8 h | +24.4% | +5.2% | $532.3K | 2026-11-12 00:00 |
| Lighter | IREN | 0.0020% | 1 h | +17.5% | +12.8% | $344.4K | 2026-11-11 23:00 |
| Bitunix | IRENUSDT | 0.0101% | 8 h | +11.1% | +3.4% | — | 2026-11-12 00:00 |
| TXFlow | IREN-USDC | 0.0013% | 1 h | +10.9% | — | $43.7K | 2026-11-11 23:00 |
| Hyperliquid | para:IREN | 0.0012% | 1 h | +10.4% | +16.6% | $344.8K | 2026-11-11 23:00 |
| Hyperliquid | xyz:IREN | 0.0006% | 1 h | +5.5% | +10.6% | $4.3M | 2026-11-11 23:00 |
| MEXC | IRENSTOCK_USDT | 0.0049% | 8 h | +5.4% | +0.8% | $1.9M | 2026-11-12 00:00 |
| Binance | IRENUSDT | 0.0047% | 8 h | +5.2% | −0.1% | $4.9M | 2026-11-12 00:00 |
| GRVT | IREN_USDT_Perp | 0.0047% | 8 h | +5.1% | −0.9% | $3K | 2026-11-12 00:00 |
| BingX | NCSKIREN2USD-USDT | 0.0045% | 8 h | +4.9% | +8.5% | $907.8K | 2026-11-12 00:00 |
| Phoenix | IREN | 0.0005% | 1 h | +4.2% | +14.5% | — | 2026-11-11 23:00 |
| Lighter RH | IREN | 0.0004% | 1 h | +3.5% | +8.2% | $114.8K | 2026-11-11 23:00 |
| Variational | IREN-PERP | 0.0011% | 8 h | +1.2% | +5.1% | $159.3K | 2026-11-12 00:00 |
| Bybit | IRENUSDT | 0.0000% | 8 h | 0.0% | −8.8% | $2.3M | 2026-11-12 00:00 |
| Bitget | IRENUSDT | 0.0000% | 8 h | 0.0% | −2.4% | $1.8M | 2026-11-12 00:00 |
| OKX | IREN-USDT-SWAP | 0.0000% | 8 h | 0.0% | −4.7% | $819.8K | 2026-11-12 00:00 |
| Aster | IRENUSDT | 0.0000% | 8 h | 0.0% | −0.8% | $46.4K | 2026-11-12 00:00 |
| Gate | IREN_USDT | 0.0000% | 8 h | 0.0% | +1.6% | $1.1M | 2026-11-12 00:00 |
| QFEX | IREN-USD | -0.0000% | 1 h | −0.0% | — | $971.4K | 2026-11-11 23:00 |
| Extended | IREN_24_5-USD | -0.0005% | 1 h | −4.4% | −2.0% | $78.2K | 2026-11-11 23:00 |
| WhiteBIT | IREN_PERP | -0.0100% | 8 h | −10.9% | +17.5% | $1.1M | 2026-11-12 00:00 |
Cost to enter $10,000 of IREN
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:IREN | 7.2 bp | top of book only |
| BingX | NCSKIREN2USD-USDT | 7.5 bp | top of book only |
| OKX | IREN-USDT-SWAP | 7.5 bp * | top of book only |
| Binance | IRENUSDT | 7.5 bp * | top of book only |
| Bybit | IRENUSDT | 7.8 bp | top of book only |
| Bitget | IRENUSDT | 8.7 bp | top of book only |
| MEXC | IRENSTOCK_USDT | 9.5 bp | top of book only |
| Variational | IREN-PERP | 9.9 bp | top of book only |
| Gate | IREN_USDT | 12.5 bp | top of book only |
| GRVT | IREN_USDT_Perp | 14.5 bp | top of book only |
| Extended | IREN_24_5-USD | 15.5 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 +111.3% a year (0.0127% every 1 h); the lowest is WhiteBIT at −10.9%. 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.