Funding you earn now, next payment 22:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.041%
Price spread now: Coinbase International against Extended+1.523%7-day average +0.294% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$1991.986% of the position
Funding, last 7 days+0.568%+$57 on $10k
+Price spread, last 3 days (all we have)−1.533%−$153 · spread now +1.523%, 7d avg +0.294%
=Together, before fees−0.965%+ Points / potential airdropExtended: Active · farm board−$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 1.229% dearer against Extended than usual: you sell high and buy low: +$123 more if the spread goes back to its 7-day average of +0.294%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended RENDER-USD | 1.8390 | 0.0104 | pay 0.0013% / 1h | 57m 41s | $31K | $178K | 10x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8670 | 0.0352 | get 0.0044% / 1h | 57m 41s | $154K | $69K | 50x |
Extended RENDER-USD
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $52.08
- Price spread: +1.523% → +0.294%
- $122.9
- Slippage, 4 orders
- −$183.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.62
- Costs to cover
- 1.986%
- Break-even
- 10.2 days
Slippage from Extended: live order book, 24 min ago; Coinbase International: live order book, 25 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, 24 min ago | 11.51 bp | 25.7 bp −$26 | 223.2 bp −$2,232 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 25 min ago | 7.99 bp | 79.4 bp −$79 | doesn't fit | doesn't fit | 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 | 1.8380 | −0.054% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0369% | 4h | 1.8424 | +0.186% | $222K | $296K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0241% | 1h | 1.8330 | −0.326% | $10K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8398 | +0.045% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8394 | +0.023% | $263K | $184K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8400 | +0.055% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8367 | −0.125% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8390 | 0.000% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8378 | −0.065% | $535K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8400 | +0.055% | $11.4M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | 1.8390 | 0.000% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8393 | +0.017% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8380 | −0.054% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8456 | +0.359% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8360 | −0.163% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8390 | long leg | $31K | $178K | 10x | |
| Phoenix RENDER | +0.0173% | 1h | 1.8464 | +0.403% | $40K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8410 | +0.109% | $595K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0352% | 1h | 1.8670 | +1.523% | $154K | $69K | 50x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8358 | −0.176% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0582% | 1h | 1.8380 | −0.054% | $467K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0741% | 1h | 1.8423 | +0.180% | $4.2M | $3.7M | 5x | as long as short |
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