Funding you earn now, next payment 02:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h +0.161%
Price spread now: dYdX against Phoenix−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.142% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix RENDER | 1.8873 | 0.0259 | pay 0.0032% / 1h | 35m 12s | $48K | $246K | 5x |
| Short | dYdX RENDER-USD | 1.8846 | 0 | get 0.0000% / 1h | 35m 12s | $19K | $21K | 5x |
Phoenix RENDER
dYdX RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Phoenix. 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
- −$54.45
- Price spread: −0.142% → 0.000%
- −$14.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$85.64
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 26 min ago; dYdX: no order-book sample. 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 Phoenix live order book, 26 min ago | 1.08 bp | 13.3 bp −$13 | 53.1 bp −$531 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USDshort | 0.0000% | 1h | 1.8846 | −0.142% | $19K | $21K | 5x | |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8870 | −0.016% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8910 | +0.196% | $12.6M | $45.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8896 | +0.122% | $12.1M | $12.8M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8910 | +0.196% | $3.2M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8898 | +0.132% | $613K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8890 | +0.090% | $11.4M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8890 | +0.090% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8920 | +0.249% | $10.3M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8890 | +0.090% | — | $3.5M | — | as long as short |
Injective RENDER/USDC PERP
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | +0.0100% | 4h | 1.8841 | −0.168% | $232K | $276K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8890 | +0.090% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8905 | +0.168% | $28K | $198K | 10x | as long as short |
| ApeX Omni RENDERUSDT | +0.0117% | 1h | 1.8898 | +0.132% | $43K | $254K | 50x | as long as short |
| Aster RENDERUSDT | +0.0147% | 4h | 1.8880 | +0.037% | $273K | $140K | 20x | as long as short |
| Phoenix RENDERlong | +0.0259% | 1h | 1.8873 | long leg | $48K | $246K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8880 | +0.037% | $581K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8878 | +0.028% | $16K | — | 100x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0438% | 1h | 1.8912 | +0.207% | $11K | $30K | 25x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.8820 | −0.281% | $154K | $57K | 50x | as long as short |
| Hyperliquid RENDER | +0.0957% | 1h | 1.8940 | +0.355% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1414% | 1h | 1.8922 | +0.258% | $489K | $1.1M | 50x | as long as short |
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
ApeX Omni RENDERUSDT
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Deribit RENDER_USDC-PERPETUAL
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD