Funding you earn now, next payment 05:00 UTC−0.0672%/8h= −73.5% APRnext payment −$0.84 per $10,000 · paid last 24h −0.193%
Price spread now: Injective against ApeX Omni−0.131%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.386%−$39 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.131%, 7d avg −0.173%
=The price spread pays, funding is against you. Injective is 0.041% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.131% now, against its 7-day average of −0.173%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.386% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.386% in total (about -20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni RENDERUSDT | 1.8264 | 0.0100 | pay 0.0013% / 1h | 7m 42s | $40K | $250K | 50x |
| Short | Injective RENDER/USDC PERP | 1.8240 | −0.0572 | pay 0.0071% / 1h | 7m 42s | $11K | $194K | 12x |
ApeX Omni RENDERUSDT
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against ApeX Omni. 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
- −$141.05
- Price spread: −0.131% → −0.173%
- $4.15
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$146.93
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 44 min ago; Injective: live order book, 61 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 ApeX Omni live order book, 44 min ago | 10.27 bp | 17.6 bp −$18 | 122.5 bp −$1,225 | doesn't fit | doesn't fit |
| Sell Injective live order book, 61 min ago | 43.29 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 | −0.0572% | 1h | 1.8240 | −0.131% | $11K | $194K | 12x | |
| Deribit RENDER_USDC-PERPETUAL | +0.0026% | 1h | 1.8135 | −0.706% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8168 | −0.524% | $266K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8150 | −0.624% | $11.8M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8130 | −0.734% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8160 | −0.569% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8137 | −0.695% | $530K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8160 | −0.569% | $12.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8160 | −0.569% | $4.9M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8159 | −0.575% | $9.9M | $10.6M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8150 | −0.624% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8222 | −0.232% | $259K | $313K | — | as long as short |
| ApeX Omni RENDERUSDTlong | +0.0100% | 1h | 1.8264 | long leg | $40K | $250K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8140 | −0.679% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8135 | −0.707% | $26K | $197K | 10x | as long as short |
| dYdX RENDER-USD | +0.0171% | 1h | 1.8133 | −0.717% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8256 | −0.044% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8220 | −0.241% | $562K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8123 | −0.773% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0568% | 1h | 1.8164 | −0.548% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8150 | −0.624% | $151K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1056% | 1h | 1.8157 | −0.585% | $490K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
dYdX RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD