Funding you earn now, next payment 21:00 UTC+0.0073%/8h= +7.9% APRpaid last 24h −0.008%
Price spread now: Phoenix against Aster−0.171%85s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.773% of the position
Funding, last 5 days (all we have)−0.117%−$12 on $10k
+Price spread, last 3 days (all we have)+0.366%+$37 · spread now −0.171%, 7d avg −0.019%
=Together, before fees+0.249%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.151% cheaper against Aster than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.019%). If the spread goes back, that is −$15 on $10k: about 7.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 5 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour. The two prices were read 85 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 | Aster RENDERUSDT | 1.8667 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $271K | $189K | 20x |
| Short | Phoenix RENDER | 1.8635 | 0.0173 | get 0.0022% / 1h | 40m 02s | $40K | $336K | 5x |
Aster RENDERUSDT
Phoenix RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $15.23
- Price spread: −0.171% → −0.019%
- −$15.15
- Slippage, 4 orders
- −$62.32
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$77.24
- Costs to cover
- 0.773%
- Break-even
- 42.5 days
Slippage from Aster: live order book, 46 min ago; Phoenix: live order book, 46 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 Aster live order book, 46 min ago | 8.13 bp | 32.6 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 1.09 bp | 13.4 bp −$13 | 45.6 bp −$456 | 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 | −0.0440% | 1h | 1.8620 | −0.251% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.277% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0164% | 4h | 1.8650 | −0.090% | $12.2M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0072% | 1h | 1.8655 | −0.064% | $11K | $32K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8639 | −0.149% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDTlong | +0.0100% | 4h | 1.8667 | long leg | $271K | $189K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8673 | +0.032% | $12.4M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | +0.070% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8654 | −0.069% | $546K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8670 | +0.017% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
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 | 1.8670 | +0.017% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8678 | +0.060% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8670 | +0.017% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | −0.262% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | −0.037% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8670 | +0.019% | $31K | $178K | 10x | as long as short |
| Phoenix RENDERshort | +0.0173% | 1h | 1.8635 | −0.171% | $40K | $336K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8640 | −0.144% | $604K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8655 | −0.064% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.519% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8685 | +0.095% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0970% | 1h | 1.8704 | +0.199% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER