Funding you earn now, next payment 02:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.222%
Price spread now: Gate against Injective+0.387%69s7-day average +0.115% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 3 days (all we have)−0.513%−$51 · spread now +0.387%, 7d avg +0.115%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.272% dearer against Injective than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.115%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.284% in total (about 14.8% 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 | Injective RENDER/USDC PERP | 1.8340 | −0.0344 | get 0.0043% / 1h | 30m 02s | $6K | $188K | 12x |
| Short | Gate RENDER_USDT | 1.8411 | 0.0100 | get 0.0050% / 4h | 2h 30m | $562K | $1.1M | 50x |
Injective RENDER/USDC PERP
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $93.21
- Price spread: +0.387% → +0.115%
- $27.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $105.41
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 54 min ago; Gate: live order book, 2 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, 54 min ago | 66.51 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.55 bp | 31.3 bp −$31 | 167.5 bp −$1,675 | doesn't fit | doesn't fit |
RENDER on 21 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 | −0.0344% | 1h | 1.8340 | long leg | $6K | $188K | 12x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8357 | +0.093% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8404 | +0.348% | $265K | $142K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8423 | +0.450% | $12.1M | $46.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8400 | +0.327% | $11.8M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8410 | +0.382% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8411 | +0.387% | $562K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8400 | +0.327% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8410 | +0.382% | $4.9M | $12.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8423 | +0.453% | $9.9M | $10.6M | 50x | as long as short |
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8410 | +0.382% | — | $3.9M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8302 | −0.206% | $225K | $279K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8287 | −0.289% | $46K | $262K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | +0.382% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8415 | +0.412% | $28K | $197K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8340 | 0.000% | $150K | $60K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8295 | −0.245% | $46K | $297K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0239% | 1h | 1.8405 | +0.354% | $10K | $30K | 25x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8390 | +0.271% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0668% | 1h | 1.8438 | +0.532% | $470K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0835% | 1h | 1.8442 | +0.556% | $4.2M | $3.4M | 5x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
Deribit RENDER_USDC-PERPETUAL
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER