Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.054%
Price spread now: Phemex against Deribit+0.016%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+0.234%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8397 | 0 | get 0.0000% / 1h | 9m 58s | $10K | $30K | 25x |
| Short | Phemex RENDERUSDT | 1.8400 | 0.0100 | get 0.0100% / 8h | 6h 09m | $1.8M | $3.9M | 50x |
Deribit RENDER_USDC-PERPETUAL
Phemex RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: +0.016% → 0.000%
- $1.63
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $3.63
- Costs to cover
- 0.190%
- Break-even
- 5.8 days
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 10.86 bp | 38.6 bp −$39 | 104.2 bp −$1,042 | 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 21 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 | 1.8410 | +0.071% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8437 | +0.216% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | 0.0000% | 1h | 1.8397 | long leg | $10K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8436 | +0.209% | $266K | $141K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8405 | +0.045% | $12.1M | $45.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8397 | 0.000% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8410 | +0.071% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8409 | +0.065% | $566K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8400 | +0.016% | $10.9M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8410 | +0.071% | $4.9M | $12.0M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8411 | +0.076% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8420 | +0.125% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8432 | +0.189% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8426 | +0.158% | $46K | $253K | 50x | as long as short |
| Phemex RENDERUSDTshort | +0.0100% | 8h | 1.8400 | +0.016% | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8405 | +0.042% | $26K | $198K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.669% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8447 | +0.272% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8392 | −0.028% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0668% | 1h | 1.8431 | +0.183% | $488K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0834% | 1h | 1.8437 | +0.217% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER