Funding you earn now, next payment 06:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.57 per $10,000 · paid last 24h −0.072%
Price spread now: ApeX Omni against Coinbase International−0.446%75s7-day average −0.273% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.611% of the position
Funding, last 7 days−0.522%−$52 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.446%, 7d avg −0.273%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and ApeX Omni is 0.173% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.273%). Swap the legs. The two prices were read 75 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 | Coinbase International RENDER-PERP-INTX | 1.8160 | 0.0560 | pay 0.0070% / 1h | 36m 01s | $150K | $61K | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8079 | 0.0100 | get 0.0013% / 1h | 36m 01s | $40K | $250K | 50x |
Coinbase International RENDER-PERP-INTX
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$96.6
- Price spread: −0.446% → −0.273%
- −$17.33
- Slippage, 4 orders
- −$141.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$275.06
- Costs to cover
- 1.611%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 7 min ago; ApeX Omni: live order book, 5 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 Coinbase International live order book, 7 min ago | 22.16 bp | 74.0 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 5 min ago | 6.37 bp | 14.6 bp −$15 | 150.0 bp −$1,500 | 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 | −0.0354% | 1h | 1.8070 | −0.496% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8018 | −0.782% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0022% | 1h | 1.8027 | −0.734% | $18K | $22K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8062 | −0.538% | $276K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8030 | −0.716% | $11.7M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8026 | −0.738% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8040 | −0.661% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8017 | −0.787% | $517K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8020 | −0.771% | $11.3M | $11.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8030 | −0.716% | $4.8M | $10.6M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8028 | −0.727% | $9.8M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8030 | −0.716% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8062 | −0.541% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8079 | −0.446% | $40K | $250K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8030 | −0.716% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8015 | −0.797% | $26K | $167K | 10x | as long as short |
| Hyperliquid RENDER | +0.0271% | 1h | 1.8046 | −0.628% | $4.1M | $3.4M | 5x | as long as short |
| Phoenix RENDER | +0.0309% | 1h | 1.8045 | −0.633% | $46K | $348K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8050 | −0.606% | $604K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8014 | −0.805% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0560% | 1h | 1.8160 | long leg | $150K | $61K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1214% | 1h | 1.8044 | −0.637% | $470K | $1.3M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Hyperliquid RENDER
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD