Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.055%
Price spread now: Deribit against Extended−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.329%−$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended RENDER-USD | 1.8545 | 0.0104 | pay 0.0013% / 1h | 51m 51s | $27K | $200K | 10x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8538 | 0 | get 0.0000% / 1h | 51m 51s | $11K | $30K | 25x |
Extended RENDER-USD
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- −$21.84
- Price spread: −0.037% → 0.000%
- −$3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.56
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 min ago; Deribit: no order-book sample. 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 Extended live order book, 5 min ago | 10.68 bp | 24.6 bp −$25 | 177.2 bp −$1,772 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0223% | 1h | 1.8640 | +0.513% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8567 | +0.118% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | 0.0000% | 1h | 1.8538 | −0.037% | $11K | $30K | 25x | |
| ApeX Omni RENDERUSDT | +0.0038% | 1h | 1.8638 | +0.502% | $41K | $253K | 50x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8526 | −0.103% | $12.4M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8520 | −0.134% | $11.8M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8540 | −0.026% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8541 | −0.021% | $568K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8530 | −0.080% | $13.0M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8560 | +0.081% | $5.0M | $11.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
ApeX Omni 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 | 1.8534 | −0.059% | $10.1M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8530 | −0.080% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8692 | +0.793% | $266K | $313K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8560 | +0.081% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USDlong | +0.0104% | 1h | 1.8545 | long leg | $27K | $200K | 10x | |
| Phoenix RENDER | +0.0299% | 1h | 1.8680 | +0.729% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0338% | 4h | 1.8564 | +0.105% | $269K | $147K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8620 | +0.405% | $588K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0366% / S −0.0912% | 1h | 1.8540 | −0.027% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0579% | 1h | 1.8558 | +0.073% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8900 | +1.915% | $155K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1267% | 1h | 1.8563 | +0.096% | $482K | $1.1M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD