Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.056%
Price spread now: Deribit against ApeX Omni−0.054%74s7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.362%−$36 on $10k
+Price spread, last 3 days (all we have)−0.581%−$58 · spread now −0.054%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni RENDERUSDT | 1.8456 | 0.0100 | pay 0.0013% / 1h | 56m 07s | $43K | $267K | 50x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8446 | 0 | get 0.0000% / 1h | 56m 07s | $11K | $30K | 25x |
ApeX Omni RENDERUSDT
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.054% → −0.016%
- −$3.78
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$41.78
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 26 min ago; Deribit: no order-book sample. Net counts fees only.
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, 26 min ago | 6.93 bp | 14.0 bp −$14 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0576% | 1h | 1.8400 | −0.303% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0369% | 4h | 1.8424 | −0.172% | $222K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8448 | −0.043% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | 0.0000% | 1h | 1.8446 | −0.054% | $11K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8464 | +0.041% | $264K | $184K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8443 | −0.068% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8420 | −0.195% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8440 | −0.087% | $3.1M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8449 | −0.038% | $537K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | −0.141% | $11.7M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
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 | 1.8430 | −0.141% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8436 | −0.108% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | −0.087% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDTlong | +0.0100% | 1h | 1.8456 | long leg | $43K | $267K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8450 | −0.033% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8442 | −0.078% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8377 | −0.428% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8400 | −0.303% | $595K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.160% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8441 | −0.083% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0579% | 1h | 1.8475 | +0.106% | $469K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0815% | 1h | 1.8482 | +0.141% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER