ArbiLayer

IREN arbitrage

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Live IREN Limited • Robinhood Token price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.08%Variational → Binance · Perp–Perp
Best perp–perp spread+0.08%Variational → Binance
Markets tracked99 venues · 9 perp · 0 spot · 0 DEX
Price range0.43%$38.70 – $38.86

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$38.72Binance logoBinance$38.75 +0.08%-0.08% +0.09%— +0.022%— LS Chart →
Variational logoVariational$38.72Bitget logoBitget$38.74 +0.07%-0.09% +0.03%— -0.107%— LS Chart →
Variational logoVariational$38.72Gate logoGate$38.74 +0.06%-0.10% +0.01%— -0.137%— LS Chart →
Variational logoVariational$38.72Bybit logoBybit$38.73 +0.03%-0.13% +0.02%— -0.021%— LS Chart →
Variational logoVariational$38.72Aster logoAster$38.73 +0.03%-0.13% +0.02%— -0.043%— LS Chart →
Variational logoVariational$38.72OKX logoOKX$38.72 +0.01%-0.15% +0.01%— +0.002%— LS Chart →
Bybit logoBybit$38.75Binance logoBinance$38.75 0.00%-0.16% +0.01%— +0.043%— LS Chart →
Gate logoGate$38.75Binance logoBinance$38.75 0.00%-0.16% +0.05%— +0.158%— LS Chart →
OKX logoOKX$38.75Binance logoBinance$38.75 0.00%-0.16% +0.01%— +0.020%— LS Chart →
Bybit logoBybit$38.75Bitget logoBitget$38.74 -0.02%-0.18% -0.04%— -0.085%— LS Chart →
Gate logoGate$38.75Bitget logoBitget$38.74 -0.02%-0.18% -0.01%— +0.030%— LS Chart →
OKX logoOKX$38.75Bitget logoBitget$38.74 -0.02%-0.18% -0.05%— -0.109%— LS Chart →
Bitget logoBitget$38.76Binance logoBinance$38.75 -0.02%-0.18% +0.02%— +0.128%— LS Chart →
Variational logoVariational$38.72KuCoin logoKuCoin$38.71 -0.02%-0.18% -0.07%— -0.145%— LS Chart →
Bybit logoBybit$38.75Gate logoGate$38.74 -0.03%-0.19% -0.06%— -0.115%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IREN price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · IREN-USDT-SWAPPerpetual $38.72$38.75$38.74-0.01% +0.147%$1.87M
Bitget logoBitgetPerpetual · IRENUSDTPerpetual $38.74$38.76$38.75+0.03% +0.038%$1.75M
KuCoin logoKuCoinPerpetual · IRENUSDTMPerpetual $38.71$38.77$38.740.00% 0.000%$1.45M
Bybit logoBybitPerpetual · IRENUSDTPerpetual $38.73$38.75$38.74-0.00% +0.123%$864.3K
Gate logoGatePerpetual · IREN_USDTPerpetual $38.74$38.75$38.75+0.01% +0.008%$392.1K
Variational logoVariationalPerpetual · IRENPerpetual $38.68$38.72$38.70-0.11% +0.145%$121.1K
HTX logoHTXPerpetual · IREN-USDTPerpetual $38.62$38.80$38.71-0.08% 0.000%$3.2K
Binance logoBinancePerpetual · IRENUSDTPerpetual $38.75$38.76$38.75+0.04% +0.166%—
Aster logoAsterPerpetual · IRENUSDTPerpetual $38.73$39.00$38.86+0.32% +0.102%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IREN arbitrage explained

Right now IREN Limited • Robinhood Token (IREN) trades on 9 venues we scan: 9 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $38.72 and the highest bid on Binance perp at $38.75.

The widest IREN perpetual spread is between Variational and Binance: long IREN on Variational at $38.72 and short on Binance at $38.75 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.022% per day, which the position collects while it is open.

Small IREN gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IREN funding rates · IREN spread charts · IREN Limited • Robinhood Token price · arbitrage scanner for all coins.

Is there a IREN arbitrage opportunity right now?

The best IREN route right now is to buy on Variational → sell on Binance (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest IREN?

Variational (perp) has the lowest IREN ask at $38.72, and Binance (perp) the highest bid at $38.75. Prices update every 15 seconds on this page.

How many exchanges list IREN?

ArbiLayer tracks 9 IREN markets on 9 venues: 9 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage IREN without transferring coins?

Use two perpetual contracts: go long IREN on the cheaper exchange (Variational now) and short it on the more expensive one (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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