Funding you earn now, next payment 09:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.169%
Price spread now: Injective against Phemex−0.273%7-day average −0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.292%−$29 on $10k
+Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.273%, 7d avg −0.113%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.160% cheaper against Phemex than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8330 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $1.8M | $3.7M | 50x |
| Short | Injective RENDER/USDC PERP | 1.8280 | −0.0013 | pay 0.0002% / 1h | 5m 15s | $11K | $194K | 12x |
Phemex RENDERUSDT
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$23.78
- Price spread: −0.273% → −0.113%
- −$15.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$51.75
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Injective: live order book, 44 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 Phemex live order book, 3 min ago | 2.73 bp | 33.2 bp −$33 | 99.4 bp −$994 | doesn't fit | doesn't fit |
| Sell Injective live order book, 44 min ago | 30.40 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.0013% | 1h | 1.8280 | −0.273% | $11K | $194K | 12x | |
| Deribit RENDER_USDC-PERPETUAL | +0.0077% | 1h | 1.8346 | +0.087% | $24K | $27K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8359 | +0.158% | $280K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8335 | +0.028% | $11.9M | $42.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8316 | −0.076% | $12.1M | $11.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8340 | +0.055% | $3.1M | $7.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8336 | +0.033% | $519K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8330 | 0.000% | $10.6M | $11.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8340 | +0.055% | $4.9M | $9.3M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8336 | +0.033% | $9.9M | $10.1M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
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 | 1.8340 | +0.055% | — | $5.0M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8322 | −0.044% | $263K | $317K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8347 | +0.093% | $38K | $247K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8330 | long leg | $1.8M | $3.7M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8338 | +0.044% | $26K | $248K | 10x | as long as short |
| Phoenix RENDER | +0.0265% | 1h | 1.8355 | +0.136% | $47K | $309K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8320 | −0.055% | $605K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0389% / S −0.1052% | 1h | 1.8334 | +0.022% | $17K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0418% | 1h | 1.8356 | +0.142% | $434K | $1.3M | 50x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0624% | 1h | 1.8330 | 0.000% | $151K | $51K | 50x | as long as short |
| Hyperliquid RENDER | +0.0653% | 1h | 1.8377 | +0.256% | $4.2M | $2.9M | 5x | as long as short |
| dYdX RENDER-USD | +0.0669% | 1h | 1.8337 | +0.039% | $28K | $20K | 5x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
dYdX RENDER-USD