Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.048%
Price spread now: Coinbase International against ApeX Omni−0.439%7-day average +0.251% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$1931.927% of the position
Funding, last 7 days+0.525%+$52 on $10k
+Price spread, last 3 days (all we have)+0.650%+$65 · spread now −0.439%, 7d avg +0.251%
=Funding pays, the price is against you. Coinbase International is 0.690% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.439% now, against its 7-day average of +0.251%). If the spread goes back, that is −$69 on $10k: about 34 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.525% in total) that is about 9.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni RENDERUSDT | 1.8441 | 0.0100 | pay 0.0013% / 1h | 57m 06s | $46K | $269K | 50x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8360 | 0.0168 | get 0.0021% / 1h | 57m 06s | $151K | $64K | 50x |
ApeX Omni RENDERUSDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.28
- Price spread: −0.439% → +0.251%
- −$68.99
- Slippage, 4 orders
- −$172.69
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$247.4
- Costs to cover
- 1.927%
- Break-even
- 128.3 days
Slippage from ApeX Omni: live order book, 10 min ago; Coinbase International: live order book, 11 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 10 min ago | 8.33 bp | 15.7 bp −$16 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 11 min ago | 16.09 bp | 93.7 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0344% | 1h | 1.8380 | −0.331% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8377 | −0.348% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8349 | −0.499% | $10K | $30K | 25x | as long as short |
| Variational Omni RENDER | +0.0055% | 4h | 1.8412 | −0.158% | $226K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8385 | −0.303% | $266K | $142K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8340 | −0.548% | $12.2M | $46.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8300 | −0.765% | $11.8M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8310 | −0.710% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8292 | −0.808% | $515K | $1.0M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8300 | −0.765% | $11.1M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8340 | −0.548% | $4.9M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8309 | −0.716% | $9.8M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8300 | −0.765% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDTlong | +0.0100% | 1h | 1.8441 | long leg | $46K | $269K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8360 | −0.439% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8344 | −0.528% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0168% | 1h | 1.8360 | −0.439% | $151K | $64K | 50x | |
| Phoenix RENDER | +0.0171% | 1h | 1.8384 | −0.309% | $47K | $297K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8340 | −0.548% | $587K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8341 | −0.540% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0670% | 1h | 1.8363 | −0.421% | $473K | $1.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.0973% | 1h | 1.8345 | −0.521% | $4.2M | $3.4M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER