Funding you earn now, next payment 22:00 UTC−0.0414%/8h= −45.4% APRpaid last 24h −0.048%
Price spread now: Variational Omni against Phoenix−0.137%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.122%−$12 · spread now −0.137%, 7d avg −0.173%
=Together, before fees−0.244%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.036% dearer against Phoenix than usual: you sell high and buy low (spread −0.137% now, against its 7-day average of −0.173%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.122% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.122% in total (about -13.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix RENDER | 1.8428 | 0.0131 | pay 0.0016% / 1h | 24m 54s | $40K | $325K | 5x |
| Short | Variational Omni RENDER | 1.8403 | −0.0284 | pay 0.0142% / 4h | 1h 24m | $223K | $297K | — |
Phoenix RENDER
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- −$86.98
- Price spread: −0.137% → −0.173%
- $3.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$90.36
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 56 min ago; Variational Omni: RFQ quote, 59 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 Phoenix live order book, 56 min ago | 1.07 bp | 13.6 bp −$14 | 53.7 bp −$537 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 59 min ago | 5.41 bp | doesn't fit | 21.3 bp −$213 | 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 | −0.0576% | 1h | 1.8400 | −0.152% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDERshort | −0.0284% | 4h | 1.8403 | −0.137% | $223K | $297K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8407 | −0.115% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8512 | +0.456% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8518 | +0.491% | $264K | $176K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8510 | +0.445% | $12.2M | $48.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8490 | +0.336% | $12.0M | $13.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8510 | +0.445% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8502 | +0.402% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8510 | +0.445% | $11.9M | $10.5M | 200x | 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_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8500 | +0.391% | $5.0M | $12.7M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8517 | +0.483% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8510 | +0.445% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8403 | −0.136% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8500 | +0.391% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8507 | +0.426% | $31K | $178K | 10x | as long as short |
| Phoenix RENDERlong | +0.0131% | 1h | 1.8428 | long leg | $40K | $325K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8480 | +0.282% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | +0.065% | $152K | $66K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8512 | +0.455% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0577% | 1h | 1.8539 | +0.602% | $485K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0632% | 1h | 1.8530 | +0.554% | $4.2M | $3.6M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER