Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bybit against Phemex0.000%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1031.027% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now 0.000%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8730 | 0.0100 | pay 0.0100% / 8h | 3m 12s | $1.9M | $4.0M | 50x |
| Short | Bybit RENDERUSDT | 1.8730 | 0.0100 | get 0.0050% / 4h | 3m 12s | $12.1M | $13.3M | 50x |
Phemex RENDERUSDT
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: 0.000% → −0.069%
- $6.94
- Slippage, 4 orders
- −$79.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.74
- Costs to cover
- 1.027%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Bybit: 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 Phemex live order book, 6 min ago | 10.70 bp | 43.9 bp −$44 | 115.7 bp −$1,157 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.36 bp | 14.9 bp −$15 | 43.2 bp −$432 | 375.6 bp −$37.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0075% | 4h | 1.8632 | −0.521% | $229K | $293K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8727 | −0.014% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8737 | +0.037% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8740 | +0.052% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8743 | +0.072% | $12.5M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDTshort | +0.0100% | 4h | 1.8730 | 0.000% | $12.1M | $13.3M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8740 | +0.053% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8729 | −0.005% | $540K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8730 | 0.000% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | −0.053% | $5.2M | $12.2M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance 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 | 1.8739 | +0.048% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8730 | 0.000% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8720 | −0.053% | $45K | $268K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8730 | long leg | $1.9M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8741 | +0.059% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8700 | −0.160% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8742 | +0.064% | $48K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8650 | −0.427% | $154K | $64K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8720 | −0.053% | $592K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8740 | +0.053% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0591% | 1h | 1.8760 | +0.161% | $483K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1358% | 1h | 1.8772 | +0.224% | $4.4M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER