Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against MEXC−0.054%50s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.054%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.058% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 50 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 | 1.8410 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $11.8M | $10.5M | 200x |
| Short | Phemex RENDERUSDT | 1.8400 | 0.0100 | get 0.0100% / 8h | 1h 26m | $1.8M | $3.9M | 50x |
MEXC RENDER_USDT
Phemex RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.054% → +0.004%
- −$5.8
- Slippage, 4 orders
- −$50.09
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$67.9
- Costs to cover
- 0.621%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 2 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 MEXC live order book, 2 min ago | 2.72 bp | 2.7 bp −$3 | 10.5 bp −$105 | 50.3 bp −$5,031 | 213.4 bp −$106.7K |
| Sell Phemex live order book, 2 min ago | 8.14 bp | 28.8 bp −$29 | 97.6 bp −$976 | 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 | −0.0576% | 1h | 1.8380 | −0.163% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0300% | 4h | 1.8383 | −0.148% | $221K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8424 | +0.075% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8402 | −0.043% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8429 | +0.101% | $263K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8412 | +0.010% | $12.2M | $48.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8390 | −0.109% | $11.9M | $13.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | +0.054% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8415 | +0.027% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8410 | long leg | $11.8M | $10.5M | 200x |
Injective RENDER/USDC PERP
Variational Omni RENDER
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8400 | −0.054% | $5.0M | $12.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8416 | +0.033% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8410 | 0.000% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8403 | −0.038% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDTshort | +0.0100% | 8h | 1.8400 | −0.054% | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8420 | +0.053% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8419 | +0.049% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8400 | −0.054% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.412% | $154K | $67K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0912% | 1h | 1.8414 | +0.024% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0580% | 1h | 1.8432 | +0.121% | $466K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0633% | 1h | 1.8445 | +0.190% | $4.2M | $3.6M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER