Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.159%
Price spread now: dYdX against Binance−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RENDERUSDT | 1.8540 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $12.1M | $47.3M | 75x |
| Short | dYdX RENDER-USD | 1.8527 | 0 | get 0.0000% / 1h | 54m 45s | $19K | $23K | 5x |
Binance RENDERUSDT
dYdX RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Binance. 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
- −$21
- Price spread: −0.072% → 0.000%
- −$7.19
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$48.19
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 min ago; dYdX: no order-book sample. 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 Binance live order book, 2 min ago | 2.71 bp | 14.4 bp −$14 | 30.8 bp −$308 | 260.9 bp −$26.1K | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0572% | 1h | 1.8420 | −0.647% | $12K | $194K | 12x | as long as short |
| dYdX RENDER-USDshort | 0.0000% | 1h | 1.8527 | −0.072% | $19K | $23K | 5x | |
| Binance RENDERUSDTlong | +0.0100% | 4h | 1.8540 | long leg | $12.1M | $47.3M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8538 | −0.011% | $11.9M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8560 | +0.108% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8522 | −0.097% | $549K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8540 | 0.000% | $12.5M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8530 | −0.054% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8550 | +0.054% | $10.1M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8540 | 0.000% | — | $3.4M | — | as long as short |
Injective RENDER/USDC PERP
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | +0.0100% | 4h | 1.8437 | −0.557% | $262K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8435 | −0.566% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8490 | −0.270% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8535 | −0.028% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0117% | 4h | 1.8515 | −0.134% | $271K | $153K | 20x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0183% | 1h | 1.8496 | −0.237% | $12K | $31K | 25x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8432 | −0.583% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8480 | −0.324% | $573K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0374% / S −0.0907% | 1h | 1.8490 | −0.271% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0521% | 1h | 1.8545 | +0.027% | $4.2M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | −0.593% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1035% | 1h | 1.8521 | −0.103% | $482K | $1.1M | 50x | as long as short |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD