Settings8H · net · $10k
Funding arb · Price arb /

RENDER

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0676%/8h= +74.0% APRnext payment +$0.84 per $10,000 · paid last 24h −0.159%
Price spread now: ApeX Omni against dYdX−0.622%50s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.622% cheaper against dYdX than usual: you would sell low and buy high (spread −0.622% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$62 on $10k: about 3.1 days of funding at the current rate (+$20 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX RENDER-USD1.87370get 0.0000% / 1h44m 27s$19K$21K5x
ShortApeX Omni RENDERUSDT1.86200.0676get 0.0084% / 1h44m 27s$46K$252K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$141.93
Price spread: −0.622% → 0.000%
−$62.25
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$59.68
Costs to cover
0.200%
Break-even
4.1 days
Slippage unknown: dYdX: no order-book sample; ApeX Omni: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell ApeX Omni live order book, 17 min ago6.76 bp17.1 bp −$17113.3 bp −$1,133doesn't fitdoesn't fit
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX RENDER-USDlong0.0000%1h1.8737long leg$19K$21K5x
Deribit RENDER_USDC-PERPETUAL+0.0017%1h1.8745+0.045%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8670−0.356%$6K$188K12xas long as short
Aster RENDERUSDT+0.0100%4h1.8760+0.125%$271K$139K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8760+0.125%$12.4M$44.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8767+0.162%$12.0M$12.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8780+0.231%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8759+0.119%$586K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8760+0.125%$11.3M$10.7M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8760+0.125%$5.2M$11.8M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8763+0.141%$10.1M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8760+0.125%$3.5Mas long as short
Variational Omni RENDER+0.0100%4h1.8677−0.320%$230K$276Kas long as short
Phemex RENDERUSDT+0.0100%8h1.8730−0.035%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8755+0.098%$27K$198K10xas long as short
Phoenix RENDER+0.0259%1h1.8671−0.350%$47K$246K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8710−0.142%$578K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0367% / S −0.0912%1h1.8746+0.051%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0456%1h1.8730−0.035%$152K$53K50xas long as short
ApeX Omni RENDERUSDTshort+0.0676%1h1.8620−0.622%$46K$252K50x
Hyperliquid RENDER+0.0954%1h1.8791+0.290%$4.3M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1425%1h1.8768+0.168%$490K$1.0M50xas long as short