Funding you earn now, next payment 00:00 UTC−0.1404%/8h= −153.8% APRnext payment −$1.76 per $10,000 · paid last 24h −0.174%
Price spread now: ApeX Omni against Hyperliquid−0.409%65s7-day average −0.150% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.347%−$35 on $10k
+Price spread, last 3 days (all we have)+0.415%+$41 · spread now −0.409%, 7d avg −0.150%
=Together, before fees+0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and ApeX Omni is 0.259% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.150%). Swap the legs. The two prices were read 65 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 -0.347% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.76 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 | Hyperliquid RENDER | 1.8582 | 0.1504 | pay 0.0188% / 1h | 16m 19s | $4.3M | $3.4M | 5x |
| Short | ApeX Omni RENDERUSDT | 1.8506 | 0.0100 | get 0.0013% / 1h | 16m 19s | $43K | $266K | 50x |
Hyperliquid RENDER
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$294.86
- Price spread: −0.409% → −0.150%
- −$25.87
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$339.73
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 61 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 Hyperliquid live order book, 5 min ago | 1.89 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 61 min ago | 9.49 bp | 17.1 bp −$17 | 138.6 bp −$1,386 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0084% | 4h | 1.8532 | −0.267% | $224K | $289K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8547 | −0.187% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8542 | −0.215% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8560 | −0.118% | $268K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8539 | −0.231% | $12.4M | $46.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8524 | −0.312% | $12.0M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8550 | −0.172% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8539 | −0.231% | $535K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8540 | −0.226% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8530 | −0.280% | $5.1M | $12.3M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8546 | −0.194% | $9.9M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8540 | −0.226% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8506 | −0.409% | $43K | $266K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8540 | −0.226% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8537 | −0.241% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8500 | −0.441% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8528 | −0.291% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.764% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8520 | −0.334% | $593K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8541 | −0.219% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0597% | 1h | 1.8567 | −0.082% | $476K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERlong | +0.1504% | 1h | 1.8582 | long leg | $4.3M | $3.4M | 5x |
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD