Funding you earn now, next payment 21:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.52 per $10,000 · paid last 24h −0.042%
Price spread now: ApeX Omni against Coinbase International−0.363%75s7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1791.791% of the position
Funding, last 7 days−0.528%−$53 on $10k
+Price spread, last 3 days (all we have)+0.432%+$43 · spread now −0.363%, 7d avg −0.258%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.105% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.258%). Swap the legs. The two prices were read 75 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 | Coinbase International RENDER-PERP-INTX | 1.8750 | 0.0520 | pay 0.0065% / 1h | 17m 57s | $155K | $68K | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8682 | 0.0100 | get 0.0013% / 1h | 17m 57s | $44K | $267K | 50x |
Coinbase International RENDER-PERP-INTX
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$88.2
- Price spread: −0.363% → −0.258%
- −$10.51
- Slippage, 4 orders
- −$159.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$277.83
- Costs to cover
- 1.791%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; ApeX Omni: 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 Coinbase International live order book, 5 min ago | 7.99 bp | 70.6 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 4 min ago | 6.93 bp | 15.2 bp −$15 | 118.3 bp −$1,183 | 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 | −0.0440% | 1h | 1.8730 | −0.107% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0309% | 4h | 1.8704 | −0.245% | $240K | $273K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0234% | 1h | 1.8584 | −0.885% | $11K | $30K | 25x | as long as short |
| Bybit RENDERUSDT | −0.0070% | 4h | 1.8551 | −1.061% | $12.1M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8597 | −0.815% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8592 | −0.845% | $266K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8581 | −0.900% | $12.4M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8590 | −0.853% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8576 | −0.928% | $543K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8570 | −0.960% | $12.0M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
Bybit RENDERUSDT
dYdX RENDER-USD
Aster RENDERUSDT
Binance 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 | 1.8570 | −0.960% | $5.1M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8590 | −0.853% | $10.0M | $10.2M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8580 | −0.907% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8682 | −0.363% | $44K | $267K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8580 | −0.907% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8579 | −0.912% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8643 | −0.571% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8610 | −0.747% | $602K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8599 | −0.805% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0520% | 1h | 1.8750 | long leg | $155K | $68K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.0747% | 1h | 1.8615 | −0.720% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0846% | 1h | 1.8623 | −0.679% | $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
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER