Funding you earn now, next payment 03:00 UTC−0.0616%/8h= −67.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.048%
Price spread now: Extended against Coinbase International−1.720%7-day average −0.318% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$335as in the Price arb table
costs, in and out, $10k−$1941.944% of the position
Funding, last 7 days−0.564%−$56 on $10k
+Price spread, last 4 days (all we have)+2.131%+$213 · spread now −1.720%, 7d avg −0.318%
=Together, before fees+1.567%+ Points / potential airdropExtended: Active · farm board+$157 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Extended is 1.402% cheaper against Coinbase International than usual: you would sell low and buy high (−$140 if the spread goes back to its 7-day average of −0.318%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8900 | 0.0720 | pay 0.0090% / 1h | 57m 35s | $155K | $57K | 50x |
| Short | Extended RENDER-USD | 1.8575 | 0.0104 | get 0.0013% / 1h | 57m 35s | $27K | $200K | 10x |
Coinbase International RENDER-PERP-INTX
Extended RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$129.36
- Price spread: −1.720% → −0.318%
- −$140.16
- Slippage, 4 orders
- −$179.45
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$463.96
- Costs to cover
- 1.944%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 65 min ago; Extended: live order book, 64 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, 65 min ago | 16.22 bp | 73.3 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 11.63 bp | 21.9 bp −$22 | 58.6 bp −$586 | 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 | 1.8650 | −1.323% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8577 | −1.710% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8641 | −1.370% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8583 | −1.680% | $12.4M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8580 | −1.693% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | −1.534% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8581 | −1.688% | $568K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8580 | −1.693% | $13.0M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8590 | −1.640% | $5.0M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8585 | −1.667% | $10.2M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit 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 | 1.8580 | −1.693% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8641 | −1.369% | $265K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8674 | −1.196% | $42K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8650 | −1.323% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USDshort | +0.0104% | 1h | 1.8575 | −1.720% | $27K | $200K | 10x | |
| Phoenix RENDER | +0.0259% | 1h | 1.8684 | −1.143% | $48K | $242K | 5x | as long as short |
| Aster RENDERUSDT | +0.0320% | 4h | 1.8612 | −1.524% | $269K | $144K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8690 | −1.111% | $594K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8646 | −1.343% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0434% | 1h | 1.8612 | −1.524% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0720% | 1h | 1.8900 | long leg | $155K | $57K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1260% | 1h | 1.8662 | −1.257% | $485K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD