Funding you earn now, next payment 22:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.009%
Price spread now: Bybit against Extended−0.195%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$880.885% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.195%, 7d avg −0.069%
=Together, before fees+0.169%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.126% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% 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 | Extended RENDER-USD | 1.8629 | 0.0104 | pay 0.0013% / 1h | 43m 25s | $31K | $178K | 10x |
| Short | Bybit RENDERUSDT | 1.8593 | −0.0235 | pay 0.0117% / 4h | 2h 43m | $12.1M | $14.6M | 50x |
Extended RENDER-USD
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$71.15
- Price spread: −0.195% → −0.069%
- −$12.61
- Slippage, 4 orders
- −$72.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$172.26
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; Bybit: live order book, 5 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 Extended live order book, 43 min ago | 12.23 bp | 25.5 bp −$26 | 224.5 bp −$2,245 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.69 bp | 19.5 bp −$19 | 51.9 bp −$519 | 496.9 bp −$49.7K | 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 | −0.0440% | 1h | 1.8630 | +0.004% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0246% | 4h | 1.8580 | −0.264% | $223K | $255K | — | as long as short |
| Bybit RENDERUSDTshort | −0.0235% | 4h | 1.8593 | −0.195% | $12.1M | $14.6M | 50x | |
| Deribit RENDER_USDC-PERPETUAL | −0.0126% | 1h | 1.8623 | −0.034% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8629 | +0.001% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8640 | +0.057% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8629 | −0.001% | $12.4M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8630 | +0.004% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8614 | −0.082% | $545K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8620 | −0.050% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance 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 | 1.8610 | −0.104% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8630 | +0.004% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8620 | −0.050% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | −0.061% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | −0.157% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8629 | long leg | $31K | $178K | 10x | |
| Phoenix RENDER | +0.0173% | 1h | 1.8615 | −0.077% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8570 | −0.319% | $600K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8624 | −0.030% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.319% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0746% | 1h | 1.8637 | +0.040% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1069% | 1h | 1.8658 | +0.154% | $4.2M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER