Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.202%
Price spread now: OKX against Injective+0.053%48s7-day average +0.167% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.396%+$40 · spread now +0.053%, 7d avg +0.167%
=Funding pays, the price is against you. OKX is 0.114% cheaper against Injective than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.167%). If the spread goes back, that is −$11 on $10k: about 5.9 days of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RENDER/USDC PERP | 1.8880 | 0.0036 | pay 0.0004% / 1h | 20m 31s | $6K | $188K | 12x |
| Short | OKX RENDER-USDT-SWAP | 1.8890 | 0.0100 | get 0.0050% / 4h | 1h 20m | $3.2M | $8.3M | 20x |
Injective RENDER/USDC PERP
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $13.52
- Price spread: +0.053% → +0.167%
- −$11.41
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.92
- Costs to cover
- 0.100%
- Break-even
- 11.1 days
Slippage unknown: Injective: live order book, 59 min ago; OKX: live order book, 3 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, 59 min ago | 32.43 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.63 bp | 22.3 bp −$22 | 56.8 bp −$568 | 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 | 1.8876 | −0.020% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8892 | +0.064% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERPlong | +0.0036% | 1h | 1.8880 | long leg | $6K | $188K | 12x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8906 | +0.136% | $12.6M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8875 | −0.026% | $12.0M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8890 | +0.053% | $3.2M | $8.3M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8883 | +0.016% | $584K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8900 | +0.106% | $14.1M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8900 | +0.106% | $5.2M | $11.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8890 | +0.053% | $10.4M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8880 | 0.000% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8877 | −0.018% | $269K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8930 | +0.265% | $43K | $254K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8870 | −0.053% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8892 | +0.061% | $28K | $198K | 10x | as long as short |
| Aster RENDERUSDT | +0.0227% | 4h | 1.8912 | +0.172% | $274K | $145K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8991 | +0.588% | $49K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8900 | +0.106% | $591K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8875 | −0.029% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.9130 | +1.324% | $157K | $58K | 50x | as long as short |
| Hyperliquid RENDER | +0.0872% | 1h | 1.8931 | +0.270% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1414% | 1h | 1.8922 | +0.223% | $490K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD