Funding you earn now, next payment 05:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.159%
Price spread now: OKX against dYdX+0.181%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.181% dearer against dYdX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | dYdX RENDER-USD | 1.8267 | 0.0055 | pay 0.0007% / 1h | 32m 54s | $19K | $23K | 5x |
| Short | OKX RENDER-USDT-SWAP | 1.8300 | 0.0100 | get 0.0050% / 4h | 3h 32m | $3.1M | $8.1M | 20x |
dYdX RENDER-USD
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against dYdX. 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
- $9.41
- Price spread: +0.181% → 0.000%
- $18.12
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $7.53
- Costs to cover
- 0.200%
- Break-even
- 1.4 days
Slippage unknown: dYdX: no order-book sample; OKX: live order book, 5 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 dYdX no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 5 min ago | 2.73 bp | 18.5 bp −$19 | 52.3 bp −$523 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0572% | 1h | 1.8310 | +0.236% | $12K | $194K | 12x | as long as short |
| dYdX RENDER-USDlong | +0.0055% | 1h | 1.8267 | long leg | $19K | $23K | 5x | |
| Deribit RENDER_USDC-PERPETUAL | +0.0078% | 1h | 1.8298 | +0.170% | $13K | $33K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8297 | +0.164% | $268K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8290 | +0.126% | $11.9M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8280 | +0.072% | $11.7M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8300 | +0.181% | $3.1M | $8.1M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8276 | +0.050% | $536K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8290 | +0.126% | $12.4M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8310 | +0.236% | $4.9M | $11.3M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8290 | +0.126% | $10.0M | $10.7M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8290 | +0.126% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8262 | −0.028% | $260K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8289 | +0.121% | $40K | $256K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8290 | +0.126% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8288 | +0.117% | $26K | $201K | 10x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8308 | +0.225% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8300 | +0.181% | $567K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0372% / S −0.0956% | 1h | 1.8290 | +0.124% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0580% | 1h | 1.8314 | +0.258% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | +0.893% | $153K | $58K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1046% | 1h | 1.8320 | +0.290% | $497K | $1.2M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD