Funding you earn now, next payment 04:00 UTC+0.1188%/8h= +130.1% APRnext payment +$1.48 per $10,000 · paid last 24h +0.256%
Price spread now: Coinbase International against Injective−0.493%64s7-day average +0.449% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.912%+$91 on $10k
+Price spread, last 4 days (all we have)+0.644%+$64 · spread now −0.493%, 7d avg +0.449%
=Funding pays, the price is against you. Coinbase International is 0.943% cheaper against Injective than usual: you would sell low and buy high (spread −0.493% now, against its 7-day average of +0.449%). If the spread goes back, that is −$94 on $10k: about 2.6 days of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.912% in total) that is about 7.2 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RENDER/USDC PERP | 1.8240 | −0.0572 | get 0.0071% / 1h | 8m 03s | $11K | $194K | 12x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8150 | 0.0616 | get 0.0077% / 1h | 8m 03s | $151K | $57K | 50x |
Injective RENDER/USDC PERP
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $249.41
- Price spread: −0.493% → +0.449%
- −$94.27
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $145.13
- Costs to cover
- 0.100%
- Break-even
- 2.9 days
Slippage unknown: Injective: live order book, 61 min ago; Coinbase International: live order book, 45 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, 61 min ago | 43.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 45 min ago | 8.10 bp | 27.2 bp −$27 | 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 PERPlong | −0.0572% | 1h | 1.8240 | long leg | $11K | $194K | 12x | |
| Deribit RENDER_USDC-PERPETUAL | +0.0026% | 1h | 1.8135 | −0.576% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8153 | −0.475% | $266K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8143 | −0.529% | $11.8M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8130 | −0.603% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8160 | −0.439% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8136 | −0.570% | $530K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8160 | −0.439% | $12.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8150 | −0.493% | $4.8M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8153 | −0.477% | $9.9M | $10.6M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8140 | −0.548% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8222 | −0.101% | $259K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8264 | +0.132% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8140 | −0.548% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8135 | −0.576% | $26K | $197K | 10x | as long as short |
| dYdX RENDER-USD | +0.0174% | 1h | 1.8177 | −0.346% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8256 | +0.088% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8220 | −0.110% | $562K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8123 | −0.642% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0568% | 1h | 1.8169 | −0.389% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0616% | 1h | 1.8150 | −0.493% | $151K | $57K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1056% | 1h | 1.8157 | −0.454% | $490K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
dYdX RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD