IREN funding rates
IREN perpetual funding is currently quoted across 7 venues, ranging from -17.7% to +3.5% APR. The most reliable delta-neutral pairing for IREN right now is long TradeXYZ / short Lighter RH at +9.6% net APR (high risk, ~1.9d to break even).
as of 2026-09-12 04:40 UTC
Best delta-neutral pairing
Long TradeXYZ / Short Lighter RH
+9.6% net APR
- Backtested (30d)
- -20.4%
- Stability
- 20%
- Risk
- high
- Breakeven
- ~1.9d
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 |
|---|---|
| Lighter RH | +3.50% |
| QFEX | +0.00% |
| Variational | +0.00% |
| Aster | +0.00% |
| Grvt | +0.00% |
| Phoenix | -8.00% |
| TradeXYZ | -17.70% |
Frequently asked
What is the IREN funding rate right now?
IREN perpetual funding ranges from -17.70% to 3.50% APR across 7 exchanges we track; the widest delta-neutral spread is long TradeXYZ / short Lighter RH at 9.6% net APR.
Which exchange has the highest IREN funding rate?
Lighter RH currently has the highest at 3.50% APR. See the full ranking above.