Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h +0.003%
Price spread now: Variational Omni against Deribit−0.492%7-day average −0.121% · 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)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.904%+$90 · spread now −0.492%, 7d avg −0.121%
=Together, before fees+0.877%+ Points / potential airdropVariational Omni: Active · farm board+$88 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.371% cheaper against Deribit than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -2.9% 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 | Deribit RENDER_USDC-PERPETUAL | 1.8604 | 0 | get 0.0000% / 1h | 55m 58s | $11K | $30K | 25x |
| Short | Variational Omni RENDER | 1.8513 | −0.0200 | pay 0.0100% / 4h | 55m 58s | $224K | $297K | — |
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$42.03
- Price spread: −0.492% → −0.121%
- −$37.06
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$86.09
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 23 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 Variational Omni RFQ quote, 23 min ago | 5.43 bp | doesn't fit | 32.6 bp −$326 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDERshort | −0.0200% | 4h | 1.8513 | −0.492% | $224K | $297K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8596 | −0.043% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | 0.0000% | 1h | 1.8604 | long leg | $11K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.032% | $269K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8609 | +0.028% | $12.3M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8591 | −0.070% | $12.0M | $13.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | +0.032% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8596 | −0.043% | $538K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8600 | −0.022% | $12.0M | $10.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8580 | −0.129% | $5.1M | $12.5M | 50x | as long as short |
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | 1.8612 | +0.043% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8600 | −0.022% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8529 | −0.403% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | −0.022% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8605 | +0.007% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8600 | −0.022% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8599 | −0.027% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.882% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8620 | +0.086% | $592K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8600 | −0.023% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0595% | 1h | 1.8628 | +0.129% | $483K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1790% | 1h | 1.8650 | +0.247% | $4.3M | $3.5M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER