Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.055%
Price spread now: Deribit against Extended−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.087% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended RENDER-USD | 1.8445 | 0.0104 | pay 0.0013% / 1h | 18m 54s | $28K | $197K | 10x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8429 | 0 | get 0.0000% / 1h | 18m 54s | $11K | $30K | 25x |
Extended RENDER-USD
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21.84
- Price spread: −0.087% → 0.000%
- −$8.66
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.5
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 48 min ago; Deribit: no order-book sample. 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 Extended live order book, 48 min ago | 8.86 bp | 21.3 bp −$21 | 246.7 bp −$2,467 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | 1.8490 | +0.244% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8416 | −0.155% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | 0.0000% | 1h | 1.8429 | −0.087% | $11K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8474 | +0.155% | $266K | $143K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8450 | +0.027% | $12.2M | $45.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8440 | −0.027% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8460 | +0.081% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8438 | −0.038% | $565K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8450 | +0.027% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8450 | +0.027% | $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 | 1.8454 | +0.049% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | −0.027% | — | $3.8M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8422 | −0.127% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8431 | −0.076% | $46K | $259K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8430 | −0.081% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8445 | long leg | $28K | $197K | 10x | |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.407% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8454 | +0.049% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8422 | −0.127% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0667% | 1h | 1.8459 | +0.077% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0824% | 1h | 1.8469 | +0.130% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER