Funding you earn now, next payment 01:00 UTC+0.0313%/8h= +34.2% APRpaid last 24h +0.224%
Price spread now: MEXC against Injective−1.062%115s7-day average +0.139% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.326%+$33 on $10k
+Price spread, last 3 days (all we have)+0.854%+$85 · spread now −1.062%, 7d avg +0.139%
=Funding pays, the price is against you. MEXC is 1.201% cheaper against Injective than usual: you would sell low and buy high (spread −1.062% now, against its 7-day average of +0.139%). If the spread goes back, that is −$120 on $10k: about 13 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.326% in total) that is about 26 days. The two prices were read 115 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 | Injective RENDER/USDC PERP | 1.8840 | −0.0213 | get 0.0027% / 1h | 11m 21s | $6K | $188K | 12x |
| Short | MEXC RENDER_USDT | 1.8640 | 0.0100 | get 0.0050% / 4h | 3h 11m | $11.9M | $10.9M | 200x |
Injective RENDER/USDC PERP
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $65.64
- Price spread: −1.062% → +0.139%
- −$120.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$54.44
- Costs to cover
- 0.000%
- Break-even
- 12.8 days
Slippage unknown: Injective: live order book, 13 min ago; MEXC: live order book, 2 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 Injective live order book, 13 min ago | 66.51 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.68 bp | 2.7 bp −$3 | 9.9 bp −$99 | 36.4 bp −$3,644 | 181.6 bp −$90.8K |
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 PERPlong | −0.0213% | 1h | 1.8840 | long leg | $6K | $188K | 12x | |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8830 | −0.053% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8647 | −1.024% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8642 | −1.051% | $11K | $30K | 25x | as long as short |
| Variational Omni RENDER | +0.0021% | 4h | 1.8622 | −1.157% | $229K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8653 | −0.991% | $269K | $146K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8650 | −1.010% | $12.5M | $46.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8620 | −1.168% | $12.1M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8650 | −1.008% | $3.2M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8643 | −1.046% | $527K | $1.1M | 50x | as long as short |
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8640 | −1.062% | $11.9M | $10.9M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8630 | −1.115% | $5.2M | $12.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8647 | −1.024% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8650 | −1.008% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8869 | +0.154% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | −0.955% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8640 | −1.063% | $29K | $205K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8727 | −0.600% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8700 | −0.743% | $594K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8639 | −1.069% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0405% | 1h | 1.8674 | −0.879% | $479K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0847% | 1h | 1.8692 | −0.786% | $4.3M | $3.4M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER