Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.179%
Price spread now: Injective against Deribit−0.347%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.347% cheaper against Deribit than usual: you would sell low and buy high (spread −0.347% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 63 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 | Deribit RENDER_USDC-PERPETUAL | 1.8735 | 0 | get 0.0000% / 1h | 3m 32s | $11K | $30K | 25x |
| Short | Injective RENDER/USDC PERP | 1.8670 | 0.0110 | get 0.0014% / 1h | 3m 32s | $6K | $187K | 12x |
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- $23.06
- Price spread: −0.347% → 0.000%
- −$34.69
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$18.65
- Costs to cover
- 0.070%
- Break-even
- 12.7 days
Slippage unknown: Deribit: no order-book sample; Injective: live order book, 26 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 26 min ago | 64.48 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0075% | 4h | 1.8632 | −0.547% | $229K | $293K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8727 | −0.041% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | 0.0000% | 1h | 1.8735 | long leg | $11K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8739 | +0.022% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8741 | +0.035% | $12.5M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8730 | −0.027% | $12.1M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8740 | +0.027% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8729 | −0.032% | $540K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8730 | −0.027% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | −0.080% | $5.2M | $12.2M | 50x | as long as short |
Variational Omni RENDER
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 | 1.8740 | +0.027% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8740 | +0.027% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8720 | −0.080% | $45K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8730 | −0.027% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8735 | +0.002% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERPshort | +0.0110% | 1h | 1.8670 | −0.347% | $6K | $187K | 12x | |
| Phoenix RENDER | +0.0173% | 1h | 1.8742 | +0.037% | $48K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8650 | −0.454% | $154K | $64K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8740 | +0.027% | $595K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8736 | +0.004% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0591% | 1h | 1.8756 | +0.113% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1360% | 1h | 1.8782 | +0.252% | $4.4M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER