Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Aster against Phemex+0.219%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1201.195% of the position
Funding, last 5 days (all we have)+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)+0.252%+$25 · spread now +0.219%, 7d avg +0.099%
=Together, before fees+0.292%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.121% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8560 | 0.0100 | pay 0.0100% / 8h | 2h 45m | $1.9M | $4.0M | 50x |
| Short | Aster RENDERUSDT | 1.8601 | 0.0100 | get 0.0050% / 4h | 2h 45m | $270K | $189K | 20x |
Phemex RENDERUSDT
Aster RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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: +0.219% → +0.099%
- $12.07
- Slippage, 4 orders
- −$99.55
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$107.48
- Costs to cover
- 1.195%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 41 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 Phemex live order book, 3 min ago | 10.77 bp | 38.4 bp −$38 | 106.6 bp −$1,066 | doesn't fit | doesn't fit |
| Sell Aster live order book, 41 min ago | 8.13 bp | 17.9 bp −$18 | doesn't fit | 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 | 1.8530 | −0.162% | $6K | $92K | 12x | as long as short |
| Bybit RENDERUSDT | −0.0268% | 4h | 1.8574 | +0.075% | $12.1M | $14.6M | 50x | as long as short |
| Variational Omni RENDER | −0.0194% | 4h | 1.8565 | +0.027% | $223K | $255K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0180% | 1h | 1.8594 | +0.183% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8600 | +0.216% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDTshort | +0.0100% | 4h | 1.8601 | +0.219% | $270K | $189K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8611 | +0.273% | $12.4M | $49.2M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | +0.269% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8590 | +0.162% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8600 | +0.216% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Bybit RENDERUSDT
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
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 | 1.8590 | +0.162% | $5.1M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8605 | +0.242% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8600 | +0.216% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8614 | +0.291% | $44K | $259K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8560 | long leg | $1.9M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8599 | +0.213% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8615 | +0.296% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8590 | +0.162% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0340% / S −0.0785% | 1h | 1.8597 | +0.200% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | +0.054% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0747% | 1h | 1.8620 | +0.321% | $486K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1141% | 1h | 1.8634 | +0.399% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER