Funding you earn now, next payment 23:00 UTC−0.0680%/8h= −74.4% APRnext payment −$0.85 per $10,000 · paid last 24h −0.234%
Price spread now: Injective against Extended−0.054%100s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Injective is 0.054% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.318% in total (about -16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 33s | $31K | $178K | 10x |
| Short | Injective RENDER/USDC PERP | 1.8380 | −0.0576 | pay 0.0072% / 1h | 57m 33s | $6K | $165K | 12x |
Extended RENDER-USD
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$142.77
- Price spread: −0.054% → 0.000%
- −$5.39
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$153.18
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 24 min ago; Injective: live order book, 42 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 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 Injective live order book, 42 min ago | 10.69 bp | doesn't fit | 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 PERPshort | −0.0576% | 1h | 1.8380 | −0.054% | $6K | $165K | 12x | |
| 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 | 1.8407 | +0.096% | $263K | $184K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8397 | +0.039% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8366 | −0.130% | $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 | 1.8390 | 0.000% | $11.4M | $10.2M | 200x | as long as short |
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 | 1.8398 | +0.044% | $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 | 1.8377 | −0.070% | $40K | $325K | 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-INTX | +0.0352% | 1h | 1.8670 | +1.523% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8403 | +0.071% | $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 | +0.0748% | 1h | 1.8426 | +0.196% | $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
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER