Funding you earn now, next payment 00:00 UTC−0.0469%/8h= −51.4% APRnext payment −$2.35 per $10,000 · paid last 24h −0.055%
Price spread now: Variational Omni against Aster−0.301%7-day average −0.192% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.301%, 7d avg −0.192%
=Together, before fees+0.158%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.109% cheaper against Aster than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.192%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.090% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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 | Aster RENDERUSDT | 1.8480 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $264K | $184K | 20x |
| Short | Variational Omni RENDER | 1.8424 | −0.0369 | pay 0.0185% / 4h | 1h 56m | $222K | $296K | — |
Aster RENDERUSDT
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$98.59
- Price spread: −0.301% → −0.192%
- −$10.9
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$117.49
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 25 min ago; Variational Omni: RFQ quote, 28 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 Aster live order book, 25 min ago | 10.65 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 28 min ago | 5.41 bp | doesn't fit | 21.3 bp −$213 | 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 | 1.8400 | −0.432% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDERshort | −0.0369% | 4h | 1.8424 | −0.301% | $222K | $296K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8448 | −0.171% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8408 | −0.388% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDTlong | +0.0100% | 4h | 1.8480 | long leg | $264K | $184K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8445 | −0.190% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8423 | −0.307% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8460 | −0.107% | $3.1M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8449 | −0.166% | $537K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8440 | −0.215% | $11.7M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit 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 | 1.8460 | −0.107% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8443 | −0.199% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | −0.215% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8456 | −0.129% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8400 | −0.432% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8462 | −0.096% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8377 | −0.556% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8400 | −0.432% | $595K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.030% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8441 | −0.212% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0580% | 1h | 1.8433 | −0.252% | $468K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0815% | 1h | 1.8482 | +0.012% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex 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