Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Phemex−0.108%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1071.075% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.108%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.103% cheaper against Phemex than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8450 | 0.0100 | pay 0.0100% / 8h | 6h 11m | $1.8M | $3.9M | 50x |
| Short | BingX RENDER-USDT | 1.8430 | 0.0100 | get 0.0050% / 4h | 2h 11m | — | $3.6M | — |
Phemex RENDERUSDT
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.108% → −0.005%
- −$10.34
- Slippage, 4 orders
- −$85.49
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$117.83
- Costs to cover
- 1.075%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; BingX: live order book, 9 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 | 10.86 bp | 40.7 bp −$41 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 5.43 bp | 13.6 bp −$14 | 20.2 bp −$202 | 74.5 bp −$7,448 | 1030.7 bp −$515.4K |
RENDER on 21 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 | −0.0344% | 1h | 1.8410 | −0.217% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8416 | −0.186% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8449 | −0.005% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8440 | −0.054% | $266K | $141K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8451 | +0.008% | $12.2M | $45.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8440 | −0.054% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8460 | +0.054% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8422 | −0.152% | $563K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8440 | −0.054% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8450 | 0.000% | $4.9M | $12.0M | 50x | as long as short |
Injective RENDER/USDC PERP
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 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8450 | 0.000% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8430 | −0.108% | — | $3.6M | — | |
| Variational Omni RENDER | +0.0100% | 4h | 1.8392 | −0.317% | $226K | $277K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8426 | −0.130% | $46K | $253K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8450 | long leg | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8440 | −0.056% | $28K | $192K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.379% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8447 | −0.016% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8428 | −0.121% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0666% | 1h | 1.8473 | +0.124% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0834% | 1h | 1.8448 | −0.011% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER