Funding you earn now, next payment 04:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Aster−0.081%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
Funding, last 5 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.081%, 7d avg −0.168%
=Together, before fees−0.056%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.086% dearer against Aster than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.168%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 5 days (−0.019% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster RENDERUSDT | 1.8421 | 0.0173 | pay 0.0087% / 4h | 8m 59s | $269K | $153K | 20x |
| Short | Bybit RENDERUSDT | 1.8406 | 0.0100 | get 0.0050% / 4h | 8m 59s | $11.8M | $13.3M | 50x |
Aster RENDERUSDT
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. 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
- −$15.36
- Price spread: −0.081% → −0.168%
- $8.64
- Slippage, 4 orders
- −$92.2
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$117.92
- Costs to cover
- 1.112%
- Break-even
- never at this rate
Slippage from Aster: live order book, 48 min ago; Bybit: live order book, 4 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 Aster live order book, 48 min ago | 10.66 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.71 bp | 16.1 bp −$16 | 43.8 bp −$438 | 269.5 bp −$26.9K | 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 | −0.0223% | 1h | 1.8530 | +0.592% | $12K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8424 | +0.016% | $12K | $31K | 25x | as long as short |
| dYdX RENDER-USD | +0.0062% | 1h | 1.8407 | −0.079% | $19K | $23K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8419 | −0.009% | $12.1M | $47.4M | 75x | as long as short |
| Bybit RENDERUSDTshort | +0.0100% | 4h | 1.8406 | −0.081% | $11.8M | $13.3M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | −0.005% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8414 | −0.038% | $545K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8390 | −0.168% | $12.5M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8430 | +0.049% | $4.9M | $11.6M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8410 | −0.060% | $10.0M | $10.9M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8420 | −0.005% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8487 | +0.356% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8482 | +0.331% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.060% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8412 | −0.047% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDTlong | +0.0173% | 4h | 1.8421 | long leg | $269K | $153K | 20x | |
| Phoenix RENDER | +0.0299% | 1h | 1.8485 | +0.348% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8430 | +0.049% | $572K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0907% | 1h | 1.8420 | −0.005% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0591% | 1h | 1.8436 | +0.082% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8510 | +0.483% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1275% | 1h | 1.8442 | +0.113% | $480K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD