Funding you earn now, next payment 22:00 UTC−0.1061%/8h= −116.2% APRnext payment −$1.33 per $10,000 · paid last 24h −0.163%
Price spread now: ApeX Omni against Hyperliquid−0.602%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 3 days (all we have)+0.767%+$77 · spread now −0.602%, 7d avg −0.148%
=Together, before fees+0.453%+ Points / potential airdropHyperliquid: Season 2 · farm board+$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and ApeX Omni is 0.453% cheaper against Hyperliquid than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.148%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.314% in total (about -16.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 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 | Hyperliquid RENDER | 1.8616 | 0.1161 | pay 0.0145% / 1h | 56m 39s | $4.3M | $4.3M | 5x |
| Short | ApeX Omni RENDERUSDT | 1.8504 | 0.0100 | get 0.0013% / 1h | 56m 39s | $44K | $260K | 50x |
Hyperliquid RENDER
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$222.76
- Price spread: −0.602% → −0.148%
- −$45.32
- Slippage, 4 orders
- −$37.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$325
- Costs to cover
- 0.569%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 30 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 Hyperliquid live order book, 5 min ago | 2.15 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 30 min ago | 9.76 bp | 17.8 bp −$18 | 132.9 bp −$1,329 | 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 | −0.0440% | 1h | 1.8540 | −0.408% | $6K | $92K | 12x | as long as short |
| Variational Omni RENDER | −0.0183% | 4h | 1.8505 | −0.595% | $222K | $255K | — | as long as short |
| Bybit RENDERUSDT | −0.0063% | 4h | 1.8548 | −0.365% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8580 | −0.194% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8565 | −0.274% | $11K | $34K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8577 | −0.209% | $270K | $191K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8575 | −0.222% | $12.3M | $49.4M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8570 | −0.247% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8564 | −0.279% | $539K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8570 | −0.247% | $12.2M | $10.0M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance 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 | 1.8570 | −0.247% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8563 | −0.285% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8560 | −0.301% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8504 | −0.602% | $44K | $260K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8550 | −0.355% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8578 | −0.205% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0220% | 1h | 1.8516 | −0.537% | $40K | $319K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0340% / S −0.0785% | 1h | 1.8565 | −0.271% | $14K | — | 100x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8530 | −0.462% | $598K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.247% | $154K | $64K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0748% | 1h | 1.8587 | −0.154% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERlong | +0.1161% | 1h | 1.8616 | long leg | $4.3M | $4.3M | 5x |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD