Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against Binance+0.363%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)−0.480%−$48 · spread now +0.363%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.389% dearer against Binance than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RENDERUSDT | 1.8294 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $12.2M | $46.2M | 75x |
| Short | Phemex RENDERUSDT | 1.8360 | 0.0100 | get 0.0100% / 8h | 6h 56m | $1.8M | $3.9M | 50x |
Binance RENDERUSDT
Phemex RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $0
- Price spread: +0.363% → −0.025%
- $38.85
- Slippage, 4 orders
- −$106.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$89.22
- Costs to cover
- 1.281%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Phemex: live order book, 2 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 Binance live order book, 15 min ago | 2.68 bp | 12.3 bp −$12 | 26.6 bp −$266 | 161.3 bp −$16.1K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 19.01 bp | 49.5 bp −$50 | 119.2 bp −$1,192 | 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 | +0.473% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8377 | +0.455% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8349 | +0.303% | $10K | $30K | 25x | as long as short |
| Variational Omni RENDER | +0.0055% | 4h | 1.8412 | +0.646% | $226K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8327 | +0.182% | $265K | $142K | 20x | as long as short |
| Binance RENDERUSDTlong | +0.0100% | 4h | 1.8294 | long leg | $12.2M | $46.2M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8283 | −0.058% | $11.8M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8300 | +0.035% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8289 | −0.025% | $515K | $1.0M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8300 | +0.035% | $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
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 | 1.8300 | +0.035% | $4.9M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8293 | −0.003% | $9.8M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8300 | +0.035% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8441 | +0.806% | $46K | $269K | 50x | as long as short |
| Phemex RENDERUSDTshort | +0.0100% | 8h | 1.8360 | +0.363% | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8297 | +0.021% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8360 | +0.363% | $151K | $64K | 50x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8384 | +0.494% | $47K | $297K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8340 | +0.254% | $587K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8341 | +0.262% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0670% | 1h | 1.8363 | +0.382% | $473K | $1.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.0943% | 1h | 1.8334 | +0.221% | $4.2M | $3.4M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER