Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Phemex+0.766%77s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$830.833% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 3 days (all we have)−0.374%−$37 · spread now +0.766%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.729% dearer against Phemex than usual: you sell high and buy low, +$73 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 77 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 | Phemex RENDERUSDT | 1.8540 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $1.9M | $4.0M | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8682 | 0.0100 | get 0.0013% / 1h | 15m 50s | $44K | $267K | 50x |
Phemex RENDERUSDT
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- $0
- Price spread: +0.766% → +0.037%
- $72.94
- Slippage, 4 orders
- −$61.3
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$10.36
- Costs to cover
- 0.833%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 6 min ago.
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 Phemex live order book, 3 min ago | 2.69 bp | 19.9 bp −$20 | 76.2 bp −$762 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 6 min ago | 6.93 bp | 15.2 bp −$15 | 118.3 bp −$1,183 | 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 PERP | −0.0440% | 1h | 1.8730 | +1.025% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0309% | 4h | 1.8704 | +0.884% | $240K | $273K | — | as long as short |
| Bybit RENDERUSDT | −0.0064% | 4h | 1.8570 | +0.162% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0020% | 1h | 1.8544 | +0.022% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8579 | +0.211% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8566 | +0.138% | $265K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8600 | +0.324% | $12.5M | $48.9M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8590 | +0.270% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8574 | +0.183% | $543K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8590 | +0.270% | $12.0M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance 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 | 1.8560 | +0.108% | $5.1M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8591 | +0.275% | $10.0M | $10.2M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8580 | +0.216% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8682 | +0.766% | $44K | $267K | 50x | |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8540 | long leg | $1.9M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8557 | +0.094% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8606 | +0.356% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8580 | +0.216% | $606K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8547 | +0.038% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8750 | +1.133% | $155K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0749% | 1h | 1.8574 | +0.186% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0838% | 1h | 1.8628 | +0.475% | $4.3M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER