IREN funding rates
IREN perpetual funding is currently quoted across 8 venues, ranging from +0.0% to +10.9% APR. The most reliable delta-neutral pairing for IREN right now is long Variational / short Phoenix at +1.6% net APR (low risk, ~6.2d to break even).
as of 2026-10-27 23:44 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+1.6% net APR
- Backtested (30d)
- +20.5%
- Stability
- 88.3%
- Risk
- low
- Breakeven
- ~6.2d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeIREN funding by exchange
| Exchange | Funding APR |
|---|---|
| TxFlow | +10.95% |
| Phoenix | +9.56% |
| TradeXYZ | +5.48% |
| Lighter RH | +3.50% |
| QFEX | +0.00% |
| Variational | +0.00% |
| Aster | +0.00% |
| Grvt | +0.00% |
Frequently asked
What is the IREN funding rate right now?
IREN perpetual funding ranges from 0.00% to 10.95% APR across 8 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 1.6% net APR.
Which exchange has the highest IREN funding rate?
TxFlow currently has the highest at 10.95% APR. See the full ranking above.