Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.053%
Price spread now: OKX against Deribit+0.094%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.094% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8023 | 0 | get 0.0000% / 1h | 53m 46s | $18K | $22K | 25x |
| Short | OKX RENDER-USDT-SWAP | 1.8040 | 0.0100 | get 0.0050% / 4h | 3h 53m | $3.1M | $7.9M | 20x |
Deribit RENDER_USDC-PERPETUAL
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Deribit. 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: +0.094% → 0.000%
- $9.43
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $13.43
- Costs to cover
- 0.170%
- Break-even
- 2.5 days
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 4 min ago | 5.55 bp | 20.0 bp −$20 | 55.6 bp −$556 | doesn't fit | doesn't fit |
Deribit: 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 | −0.0013% | 1h | 1.7950 | −0.405% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8017 | −0.034% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | 0.0000% | 1h | 1.8023 | long leg | $18K | $22K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8050 | +0.150% | $277K | $190K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8036 | +0.073% | $11.7M | $44.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8016 | −0.039% | $11.8M | $12.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8040 | +0.094% | $3.1M | $7.9M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8019 | −0.022% | $515K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8030 | +0.039% | $10.9M | $11.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8040 | +0.094% | $4.8M | $9.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
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 | 1.8030 | +0.039% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8030 | +0.039% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7972 | −0.283% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8076 | +0.294% | $40K | $248K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8010 | −0.072% | $1.8M | $3.8M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8030 | +0.041% | $26K | $254K | 10x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8044 | +0.117% | $46K | $309K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7980 | −0.239% | $603K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.8014 | −0.048% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0425% | 1h | 1.8042 | +0.107% | $422K | $1.4M | 50x | as long as short |
| Hyperliquid RENDER | +0.0552% | 1h | 1.8055 | +0.178% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0624% | 1h | 1.8160 | +0.760% | $149K | $56K | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
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