Funding you earn now, next payment 01:00 UTC−0.0313%/8h= −34.2% APRpaid last 24h −0.234%
Price spread now: Injective against MEXC−0.107%100s7-day average −0.140% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.107%, 7d avg −0.140%
=The price spread pays, funding is against you. Injective is 0.033% dearer against MEXC than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.140%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.327% in total) that is about 17 hours. The two prices were read 100 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 | MEXC RENDER_USDT | 1.8730 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $12.1M | $10.5M | 200x |
| Short | Injective RENDER/USDC PERP | 1.8710 | −0.0213 | pay 0.0027% / 1h | 57m 46s | $6K | $187K | 12x |
MEXC RENDER_USDT
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$65.64
- Price spread: −0.107% → −0.140%
- $3.34
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$62.32
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 6 min ago; Injective: live order book, 31 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 MEXC live order book, 6 min ago | 2.67 bp | 2.7 bp −$3 | 10.6 bp −$106 | 43.7 bp −$4,365 | 206.6 bp −$103.3K |
| Sell Injective live order book, 31 min ago | 64.48 bp | doesn't fit | 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 PERPshort | −0.0213% | 1h | 1.8710 | −0.107% | $6K | $187K | 12x | |
| Variational Omni RENDER | −0.0061% | 4h | 1.8717 | −0.067% | $230K | $293K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8650 | −0.427% | $154K | $64K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8747 | +0.092% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8740 | +0.053% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8748 | +0.097% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8734 | +0.023% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8713 | −0.091% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8730 | 0.000% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8726 | −0.021% | $539K | $1.0M | 50x | as long as short |
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8730 | long leg | $12.1M | $10.5M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | −0.053% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8737 | +0.037% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8740 | +0.053% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8771 | +0.219% | $45K | $268K | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8744 | +0.073% | $31K | $175K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8758 | +0.149% | $48K | $322K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8730 | 0.000% | $595K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8733 | +0.017% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0403% | 1h | 1.8772 | +0.224% | $483K | $1.1M | 50x | as long as short |
| Phemex RENDERUSDT | +0.0574% | 8h | 1.8740 | +0.053% | $1.9M | $4.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.1193% | 1h | 1.8782 | +0.278% | $4.4M | $3.4M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Phemex RENDERUSDT
Hyperliquid RENDER