Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%
Price spread now: Bybit against Extended−0.089%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.089%, 7d avg −0.069%
=Together, before fees+0.038%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended RENDER-USD | 1.8507 | 0.0104 | pay 0.0013% / 1h | 24m 52s | $31K | $178K | 10x |
| Short | Bybit RENDERUSDT | 1.8490 | 0.0100 | get 0.0050% / 4h | 1h 24m | $12.0M | $13.9M | 50x |
Extended RENDER-USD
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: −0.089% → −0.069%
- −$2.02
- Slippage, 4 orders
- −$63.74
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.6
- Costs to cover
- 0.797%
- Break-even
- never at this rate
Slippage from Extended: live order book, 56 min ago; Bybit: live order book, 3 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 Extended live order book, 56 min ago | 11.51 bp | 25.7 bp −$26 | 223.2 bp −$2,232 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.72 bp | 15.9 bp −$16 | 38.1 bp −$381 | 576.8 bp −$57.7K | 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 | −0.0576% | 1h | 1.8400 | −0.576% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0284% | 4h | 1.8403 | −0.561% | $223K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8407 | −0.538% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8512 | +0.030% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8518 | +0.064% | $264K | $176K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8510 | +0.019% | $12.2M | $48.1M | 75x | as long as short |
| Bybit RENDERUSDTshort | +0.0100% | 4h | 1.8490 | −0.089% | $12.0M | $13.9M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8510 | +0.019% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8502 | −0.024% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8510 | +0.019% | $11.9M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8500 | −0.035% | $5.0M | $12.7M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8517 | +0.057% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8510 | +0.019% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8403 | −0.559% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8500 | −0.035% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8507 | long leg | $31K | $178K | 10x | |
| Phoenix RENDER | +0.0131% | 1h | 1.8428 | −0.424% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8480 | −0.143% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.359% | $152K | $66K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8512 | +0.029% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0577% | 1h | 1.8539 | +0.175% | $485K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0632% | 1h | 1.8530 | +0.127% | $4.2M | $3.6M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER