Funding you earn now, next payment 06:00 UTC+0.0456%/8h= +49.9% APRnext payment +$0.57 per $10,000 · paid last 24h +0.071%
Price spread now: Coinbase International against Extended+0.737%7-day average +0.317% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1721.721% of the position
Funding, last 7 days+0.573%+$57 on $10k
+Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.737%, 7d avg +0.317%
=Together, before fees+0.088%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.420% dearer against Extended than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.317%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended RENDER-USD | 1.8027 | 0.0104 | pay 0.0013% / 1h | 36m 55s | $26K | $167K | 10x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8160 | 0.0560 | get 0.0070% / 1h | 36m 55s | $150K | $61K | 50x |
Extended RENDER-USD
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $95.76
- Price spread: +0.737% → +0.317%
- $41.99
- Slippage, 4 orders
- −$157.08
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.33
- Costs to cover
- 1.721%
- Break-even
- 9.5 days
Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 6 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, 4 min ago | 9.68 bp | 20.5 bp −$20 | 257.3 bp −$2,573 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 22.16 bp | 56.9 bp −$57 | doesn't fit | 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 | −0.0354% | 1h | 1.8070 | +0.238% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | +0.0016% | 1h | 1.8027 | −0.002% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0083% | 1h | 1.8042 | +0.083% | $18K | $37K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8064 | +0.207% | $277K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8030 | +0.016% | $11.7M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8027 | −0.001% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8050 | +0.127% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8032 | +0.027% | $517K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8020 | −0.040% | $11.3M | $11.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8050 | +0.127% | $4.8M | $10.6M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.8030 | +0.016% | $9.8M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8040 | +0.071% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8062 | +0.193% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8079 | +0.288% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8040 | +0.071% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8027 | long leg | $26K | $167K | 10x | |
| Hyperliquid RENDER | +0.0267% | 1h | 1.8054 | +0.148% | $4.1M | $3.4M | 5x | as long as short |
| Phoenix RENDER | +0.0309% | 1h | 1.8045 | +0.099% | $46K | $348K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8050 | +0.127% | $604K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8031 | +0.024% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0560% | 1h | 1.8160 | +0.737% | $150K | $61K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1213% | 1h | 1.8057 | +0.165% | $470K | $1.3M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Hyperliquid RENDER
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD