Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Phemex−0.218%53s7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as 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−$1021.022% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.539%+$54 · spread now −0.218%, 7d avg +0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.249% cheaper against Phemex than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 53 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 | 1.8360 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $1.8M | $4.0M | 50x |
| Short | OKX RENDER-USDT-SWAP | 1.8320 | 0.0100 | get 0.0050% / 4h | 42m 25s | $3.1M | $8.1M | 20x |
Phemex RENDERUSDT
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.218% → +0.032%
- −$24.95
- Slippage, 4 orders
- −$80.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.15
- Costs to cover
- 1.022%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; OKX: live order book, 6 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, 1 min ago | 10.88 bp | 30.2 bp −$30 | 105.6 bp −$1,056 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.71 bp | 18.7 bp −$19 | 54.2 bp −$542 | 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 | −0.0223% | 1h | 1.8200 | −0.871% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8316 | −0.238% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8346 | −0.076% | $10K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8319 | −0.223% | $12.2M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8299 | −0.332% | $11.7M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8320 | −0.218% | $3.1M | $8.1M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8320 | −0.218% | $545K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8320 | −0.218% | $12.5M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8330 | −0.163% | $4.9M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8323 | −0.202% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
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 | 1.8330 | −0.163% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8427 | +0.363% | $262K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8373 | +0.071% | $41K | $253K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8360 | long leg | $1.8M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8331 | −0.158% | $26K | $200K | 10x | as long as short |
| Aster RENDERUSDT | +0.0294% | 4h | 1.8334 | −0.142% | $265K | $148K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8413 | +0.289% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8360 | 0.000% | $580K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0927% | 1h | 1.8361 | +0.004% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0530% | 1h | 1.8346 | −0.076% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8450 | +0.490% | $151K | $56K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1280% | 1h | 1.8370 | +0.052% | $477K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD