Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.009%
Price spread now: ApeX Omni against Bybit−0.038%7-day average +0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.556%+$56 · spread now −0.038%, 7d avg +0.120%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.158% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.120%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RENDERUSDT | 1.8645 | 0.0100 | pay 0.0050% / 4h | 55m 29s | $11.9M | $13.2M | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8638 | 0.0038 | get 0.0005% / 1h | 55m 29s | $41K | $253K | 50x |
Bybit RENDERUSDT
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- −$13
- Price spread: −0.038% → +0.120%
- −$15.8
- Slippage, 4 orders
- −$41.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$91.73
- Costs to cover
- 0.629%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 1 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 Bybit live order book, 3 min ago | 2.69 bp | 15.0 bp −$15 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 8.02 bp | 15.5 bp −$15 | 125.0 bp −$1,250 | 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 | −0.0223% | 1h | 1.8600 | −0.241% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8663 | +0.097% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0017% | 1h | 1.8716 | +0.381% | $11K | $30K | 25x | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0038% | 1h | 1.8638 | −0.038% | $41K | $253K | 50x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8655 | +0.052% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.8645 | long leg | $11.9M | $13.2M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8650 | +0.027% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8661 | +0.086% | $570K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8650 | +0.027% | $13.1M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8670 | +0.134% | $5.1M | $11.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8655 | +0.054% | $10.2M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8660 | +0.080% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8692 | +0.252% | $266K | $313K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8720 | +0.402% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8659 | +0.077% | $27K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8608 | −0.198% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0338% | 4h | 1.8691 | +0.244% | $271K | $144K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8610 | −0.188% | $592K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8654 | +0.047% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0621% | 1h | 1.8669 | +0.129% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8900 | +1.368% | $155K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1255% | 1h | 1.8740 | +0.510% | $487K | $1.1M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD