Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Phemex against Bybit+0.111%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$740.743% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.111%, 7d avg +0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RENDERUSDT | 1.8060 | 0.0100 | pay 0.0050% / 4h | 41m 13s | $11.8M | $12.7M | 50x |
| Short | Phemex RENDERUSDT | 1.8080 | 0.0100 | get 0.0100% / 8h | 41m 13s | $1.8M | $3.9M | 50x |
Bybit RENDERUSDT
Phemex RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: +0.111% → +0.069%
- $4.14
- Slippage, 4 orders
- −$51.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$70.18
- Costs to cover
- 0.743%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Phemex: live order book, 3 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 Bybit live order book, 2 min ago | 5.54 bp | 15.4 bp −$15 | 43.8 bp −$438 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.77 bp | 23.5 bp −$24 | 88.1 bp −$881 | 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 | −0.0131% | 1h | 1.8060 | 0.000% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8071 | +0.061% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0012% | 1h | 1.8066 | +0.035% | $18K | $22K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8073 | +0.073% | $11.7M | $46.2M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.8060 | long leg | $11.8M | $12.7M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8080 | +0.111% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8053 | −0.039% | $516K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8070 | +0.055% | $11.0M | $11.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8080 | +0.111% | $4.8M | $10.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8076 | +0.089% | $9.8M | $10.7M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance 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 | 1.8070 | +0.055% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8071 | +0.064% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8064 | +0.022% | $40K | $251K | 50x | as long as short |
| Phemex RENDERUSDTshort | +0.0100% | 8h | 1.8080 | +0.111% | $1.8M | $3.9M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8068 | +0.044% | $29K | $234K | 10x | as long as short |
| Aster RENDERUSDT | +0.0154% | 4h | 1.8073 | +0.074% | $277K | $189K | 20x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8079 | +0.105% | $46K | $339K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8050 | −0.055% | $600K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8062 | +0.013% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0428% | 1h | 1.8091 | +0.172% | $4.1M | $3.4M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0512% | 1h | 1.8060 | 0.000% | $149K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0734% | 1h | 1.8081 | +0.118% | $423K | $1.4M | 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