Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against MEXC−0.054%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now −0.054%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.062% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RENDER_USDT | 1.8500 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $12.5M | $11.1M | 200x |
| Short | Phemex RENDERUSDT | 1.8490 | 0.0100 | get 0.0100% / 8h | 3h 54m | $1.9M | $4.0M | 50x |
MEXC RENDER_USDT
Phemex RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- $0
- Price spread: −0.054% → +0.008%
- −$6.23
- Slippage, 4 orders
- −$45.71
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$63.93
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Phemex: 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 MEXC live order book, 4 min ago | 2.71 bp | 2.7 bp −$3 | 9.2 bp −$92 | 44.3 bp −$4,431 | 217.1 bp −$108.6K |
| Sell Phemex live order book, 5 min ago | 2.71 bp | 24.8 bp −$25 | 83.1 bp −$831 | 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 | −0.0572% | 1h | 1.8420 | −0.432% | $12K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8527 | +0.144% | $19K | $23K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8493 | −0.038% | $12K | $31K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8497 | −0.015% | $12.1M | $47.3M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8501 | +0.005% | $11.9M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8500 | 0.000% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8504 | +0.022% | $548K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8500 | long leg | $12.5M | $11.1M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8530 | +0.162% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8508 | +0.043% | $10.1M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8510 | +0.054% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8437 | −0.342% | $262K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8435 | −0.351% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDTshort | +0.0100% | 8h | 1.8490 | −0.054% | $1.9M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8505 | +0.027% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0117% | 4h | 1.8524 | +0.132% | $271K | $153K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8432 | −0.368% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8480 | −0.108% | $573K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0374% / S −0.0956% | 1h | 1.8502 | +0.009% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0519% | 1h | 1.8516 | +0.086% | $4.2M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | −0.378% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1035% | 1h | 1.8521 | +0.114% | $482K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD