Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Phemex+0.016%49s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as 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−$1671.665% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.016%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.036% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 49 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 | Phemex RENDERUSDT | 1.8440 | 0.0100 | pay 0.0100% / 8h | 1h 38m | $1.8M | $4.0M | 50x |
| Short | Gate RENDER_USDT | 1.8443 | 0.0100 | get 0.0050% / 4h | 1h 38m | $537K | $1.1M | 50x |
Phemex RENDERUSDT
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phemex. 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: +0.016% → −0.020%
- $3.59
- Slippage, 4 orders
- −$139.54
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$162.95
- Costs to cover
- 1.665%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 4 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 Phemex live order book, 5 min ago | 8.14 bp | 28.2 bp −$28 | 88.7 bp −$887 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.05 bp | 49.5 bp −$50 | 181.2 bp −$1,812 | 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 | 1.8450 | +0.054% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0291% | 4h | 1.8433 | −0.039% | $222K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8438 | −0.013% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8434 | −0.033% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8466 | +0.140% | $264K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8445 | +0.026% | $12.2M | $48.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8422 | −0.098% | $12.0M | $14.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8450 | +0.054% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8443 | +0.016% | $537K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8440 | 0.000% | $12.0M | $10.4M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8430 | −0.054% | $5.0M | $12.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8440 | 0.000% | $9.9M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | 0.000% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8458 | +0.098% | $43K | $268K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8440 | long leg | $1.8M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8441 | +0.007% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8459 | +0.103% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8440 | 0.000% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.247% | $154K | $67K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8446 | +0.031% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0579% | 1h | 1.8470 | +0.162% | $471K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0697% | 1h | 1.8482 | +0.228% | $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