Funding you earn now, next payment 01:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.056%
Price spread now: Extended against Deribit+0.252%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.252% dearer against Deribit than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8666 | −0.0125 | get 0.0016% / 1h | 49m 25s | $11K | $30K | 25x |
| Short | Extended RENDER-USD | 1.8713 | 0.0104 | get 0.0013% / 1h | 49m 25s | $31K | $192K | 10x |
Deribit RENDER_USDC-PERPETUAL
Extended RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- $48.06
- Price spread: +0.252% → 0.000%
- $25.2
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $61.26
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 22 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 22 min ago | 14.19 bp | 25.7 bp −$26 | 69.0 bp −$690 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0213% | 1h | 1.8790 | +0.664% | $6K | $188K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | −0.0125% | 1h | 1.8666 | long leg | $11K | $30K | 25x | |
| Variational Omni RENDER | −0.0067% | 4h | 1.8782 | +0.622% | $232K | $293K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8810 | +0.771% | $155K | $64K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8717 | +0.273% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8731 | +0.349% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8730 | +0.343% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8720 | +0.289% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8750 | +0.450% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8717 | +0.273% | $533K | $1.0M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8720 | +0.289% | $12.1M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8710 | +0.236% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8730 | +0.343% | $10.1M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8730 | +0.343% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8798 | +0.707% | $45K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8690 | +0.129% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USDshort | +0.0104% | 1h | 1.8713 | +0.252% | $31K | $192K | 10x | |
| Phoenix RENDER | +0.0171% | 1h | 1.8702 | +0.193% | $46K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8790 | +0.664% | $597K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0366% / S −0.0912% | 1h | 1.8731 | +0.346% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0405% | 1h | 1.8703 | +0.199% | $478K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0945% | 1h | 1.8773 | +0.573% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER