Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Phemex+0.067%52s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as 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−$810.812% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.067%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.041% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 52 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 | 1.8060 | 0.0100 | pay 0.0100% / 8h | 43m 27s | $1.8M | $3.9M | 50x |
| Short | Binance RENDERUSDT | 1.8072 | 0.0100 | get 0.0050% / 4h | 43m 27s | $11.7M | $46.2M | 75x |
Phemex RENDERUSDT
Binance RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.067% → +0.025%
- $4.15
- Slippage, 4 orders
- −$59.24
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$77.09
- Costs to cover
- 0.812%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago | 2.76 bp | 33.4 bp −$33 | 100.2 bp −$1,002 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.78 bp | 15.2 bp −$15 | 29.8 bp −$298 | 132.8 bp −$13.3K | 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 | −0.0131% | 1h | 1.8070 | +0.055% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | +0.0013% | 1h | 1.8066 | +0.035% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0082% | 1h | 1.8073 | +0.072% | $18K | $37K | 25x | as long as short |
| Binance RENDERUSDTshort | +0.0100% | 4h | 1.8072 | +0.067% | $11.7M | $46.2M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8070 | +0.055% | $11.8M | $12.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8080 | +0.111% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8058 | −0.011% | $516K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8060 | 0.000% | $11.0M | $11.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8080 | +0.111% | $4.8M | $10.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8075 | +0.083% | $9.8M | $10.7M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8070 | +0.055% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8071 | +0.064% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8064 | +0.022% | $40K | $251K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8060 | long leg | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8065 | +0.028% | $25K | $214K | 10x | as long as short |
| Aster RENDERUSDT | +0.0162% | 4h | 1.8081 | +0.114% | $277K | $189K | 20x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8075 | +0.083% | $46K | $339K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8070 | +0.055% | $604K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8065 | +0.029% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0432% | 1h | 1.8096 | +0.199% | $4.1M | $3.4M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0512% | 1h | 1.8060 | 0.000% | $149K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0734% | 1h | 1.8072 | +0.065% | $423K | $1.4M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD