Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: ApeX Omni against Bybit+0.355%79s7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as 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−$600.595% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.411%+$41 · spread now +0.355%, 7d avg +0.120%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.236% dearer against Bybit than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.120%. The two prices were read 79 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 | Bybit RENDERUSDT | 1.8012 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $11.8M | $12.0M | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8076 | 0.0100 | get 0.0013% / 1h | 54m 10s | $40K | $248K | 50x |
Bybit RENDERUSDT
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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: +0.355% → +0.120%
- $23.57
- Slippage, 4 orders
- −$38.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$35.96
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 42 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 Bybit live order book, 4 min ago | 2.78 bp | 15.1 bp −$15 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 42 min ago | 5.01 bp | 12.3 bp −$12 | 118.4 bp −$1,184 | 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 | −0.0013% | 1h | 1.7950 | −0.344% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8017 | +0.027% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8023 | +0.061% | $18K | $22K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8044 | +0.178% | $277K | $190K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8020 | +0.044% | $11.7M | $44.6M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.8012 | long leg | $11.8M | $12.0M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8040 | +0.155% | $3.1M | $7.9M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8012 | 0.000% | $515K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8020 | +0.044% | $10.9M | $11.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8030 | +0.100% | $4.8M | $9.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8026 | +0.078% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8010 | −0.011% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7972 | −0.222% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8076 | +0.355% | $40K | $248K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8010 | −0.011% | $1.8M | $3.8M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8024 | +0.068% | $26K | $254K | 10x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8044 | +0.178% | $46K | $309K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7980 | −0.178% | $603K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.8014 | +0.013% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0425% | 1h | 1.8042 | +0.168% | $422K | $1.4M | 50x | as long as short |
| Hyperliquid RENDER | +0.0572% | 1h | 1.8047 | +0.194% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0624% | 1h | 1.8160 | +0.822% | $149K | $56K | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX