Funding you earn now, next payment 03:00 UTC+0.0640%/8h= +70.1% APRnext payment +$0.80 per $10,000 · paid last 24h +0.202%
Price spread now: ApeX Omni against Injective−0.161%7-day average +0.177% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)+0.687%+$69 · spread now −0.161%, 7d avg +0.177%
=Funding pays, the price is against you. ApeX Omni is 0.338% cheaper against Injective than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.177%). If the spread goes back, that is −$34 on $10k: about 42 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.372% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.372% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 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 | Injective RENDER/USDC PERP | 1.8650 | 0.0036 | pay 0.0004% / 1h | 45m 58s | $6K | $188K | 12x |
| Short | ApeX Omni RENDERUSDT | 1.8620 | 0.0676 | get 0.0084% / 1h | 45m 58s | $46K | $252K | 50x |
Injective RENDER/USDC PERP
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- $134.45
- Price spread: −0.161% → +0.177%
- −$33.76
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $90.66
- Costs to cover
- 0.100%
- Break-even
- 2.3 days
Slippage unknown: Injective: live order book, 33 min ago; ApeX Omni: live order book, 16 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 Injective live order book, 33 min ago | 32.43 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 16 min ago | 6.76 bp | 17.1 bp −$17 | 113.3 bp −$1,133 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8682 | +0.174% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0018% | 1h | 1.8680 | +0.161% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERPlong | +0.0036% | 1h | 1.8650 | long leg | $6K | $188K | 12x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8690 | +0.214% | $270K | $139K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8680 | +0.161% | $12.4M | $44.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8666 | +0.086% | $12.0M | $12.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | +0.161% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8680 | +0.161% | $577K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8680 | +0.161% | $11.3M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8690 | +0.214% | $5.2M | $11.8M | 50x | as long as short |
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 | 1.8673 | +0.123% | $10.1M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8690 | +0.214% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8677 | +0.143% | $230K | $276K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | +0.054% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8684 | +0.180% | $27K | $198K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8671 | +0.113% | $47K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8650 | 0.000% | — | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8682 | +0.172% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.8730 | +0.429% | $152K | $53K | 50x | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0676% | 1h | 1.8620 | −0.161% | $46K | $252K | 50x | |
| Hyperliquid RENDER | +0.0958% | 1h | 1.8711 | +0.327% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1430% | 1h | 1.8710 | +0.324% | $488K | $1.0M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD