Funding you earn now, next payment 10:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.023%
Price spread now: dYdX against Phemex+0.106%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.106% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8200 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $1.8M | $3.6M | 50x |
| Short | dYdX RENDER-USD | 1.8219 | 0.0123 | get 0.0015% / 1h | 20m 45s | $28K | $21K | 5x |
Phemex RENDERUSDT
dYdX RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $4.85
- Price spread: +0.106% → 0.000%
- $10.64
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$6.51
- Costs to cover
- 0.220%
- Break-even
- 16.4 days
Slippage unknown: Phemex: live order book, 6 min ago; dYdX: no order-book sample. 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 Phemex live order book, 6 min ago | 2.75 bp | 24.5 bp −$24 | 91.1 bp −$911 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RENDER on 22 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8213 | +0.071% | $22K | $25K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8239 | +0.216% | $278K | $154K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8216 | +0.088% | $11.8M | $42.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8202 | +0.011% | $11.9M | $10.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8230 | +0.165% | $3.1M | $7.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8221 | +0.115% | $518K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8210 | +0.055% | $11.3M | $11.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8240 | +0.220% | $4.9M | $9.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8216 | +0.088% | $9.7M | $10.0M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8220 | +0.110% | — | $5.2M | — | as long as short |
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | +0.0100% | 4h | 1.8201 | +0.007% | $262K | $304K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8180 | −0.110% | $38K | $245K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8200 | long leg | $1.8M | $3.6M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8213 | +0.070% | $26K | $247K | 10x | as long as short |
| dYdX RENDER-USDshort | +0.0123% | 1h | 1.8219 | +0.106% | $28K | $21K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8220 | +0.110% | $602K | $1.2M | 90x | as long as short |
| Phoenix RENDER | +0.0348% | 1h | 1.8185 | −0.082% | $47K | $308K | 5x | as long as short |
| Injective RENDER/USDC PERP | +0.0387% | 1h | 1.8470 | +1.484% | $12K | $194K | 12x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0389% / S −0.1052% | 1h | 1.8210 | +0.054% | $17K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0411% | 1h | 1.8232 | +0.176% | $4.2M | $2.5M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0688% | 1h | 1.8150 | −0.275% | $150K | $44K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1050% | 1h | 1.8221 | +0.113% | $430K | $1.3M | 50x | as long as short |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Extended RENDER-USD
BloFin RENDER-USDT
Phoenix RENDER
Injective RENDER/USDC PERP
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD