Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.234%
Price spread now: BingX against Injective+0.268%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.437%+$44 on $10k
+Price spread, last 3 days (all we have)−0.479%−$48 · spread now +0.268%, 7d avg +0.142%
=The price spread pays, funding is against you. BingX is 0.125% dearer against Injective than usual: you sell high and buy low (spread +0.268% now, against its 7-day average of +0.142%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 43 days. Mind the row above: over the last 7 days funding on this pair paid +0.437%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RENDER/USDC PERP | 1.8670 | 0.0110 | pay 0.0014% / 1h | 5m 03s | $6K | $187K | 12x |
| Short | BingX RENDER-USDT | 1.8720 | 0.0100 | get 0.0050% / 4h | 5m 03s | — | $4.1M | — |
Injective RENDER/USDC PERP
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- −$2.06
- Price spread: +0.268% → +0.142%
- $12.54
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $0.46
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 24 min ago; BingX: 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 Injective live order book, 24 min ago | 64.48 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.67 bp | 10.1 bp −$10 | 16.6 bp −$166 | 63.4 bp −$6,336 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0075% | 4h | 1.8632 | −0.201% | $229K | $293K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8707 | +0.199% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8732 | +0.332% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8730 | +0.323% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8720 | +0.270% | $12.5M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8710 | +0.214% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8730 | +0.321% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8715 | +0.241% | $539K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8730 | +0.321% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8700 | +0.161% | $5.2M | $12.2M | 50x | as long as short |
Variational Omni RENDER
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 | 1.8729 | +0.316% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8720 | +0.268% | — | $4.1M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8705 | +0.187% | $45K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8700 | +0.161% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8727 | +0.303% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERPlong | +0.0110% | 1h | 1.8670 | long leg | $6K | $187K | 12x | |
| Phoenix RENDER | +0.0173% | 1h | 1.8720 | +0.268% | $48K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8650 | −0.107% | $154K | $64K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8740 | +0.375% | $595K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0366% / S −0.0912% | 1h | 1.8729 | +0.318% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0591% | 1h | 1.8751 | +0.432% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1374% | 1h | 1.8766 | +0.514% | $4.4M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER