Funding you earn now, next payment 07:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.008%
Price spread now: ApeX Omni against Phoenix−0.183%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.247%+$25 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.183%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.146% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.247%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix RENDER | 1.8079 | 0.0266 | pay 0.0033% / 1h | 0m 02s | $46K | $339K | 5x |
| Short | ApeX Omni RENDERUSDT | 1.8046 | 0.0100 | get 0.0013% / 1h | 0m 02s | $40K | $247K | 50x |
Phoenix RENDER
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$34.86
- Price spread: −0.183% → −0.036%
- −$14.61
- Slippage, 4 orders
- −$40.14
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$106.61
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 36 min ago; ApeX Omni: live order book, 36 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 Phoenix live order book, 36 min ago | 1.11 bp | 13.5 bp −$14 | 53.5 bp −$535 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 36 min ago | 5.01 bp | 12.3 bp −$12 | 118.4 bp −$1,184 | 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 | −0.0131% | 1h | 1.8040 | −0.216% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8075 | −0.022% | $18K | $30K | 25x | as long as short |
| dYdX RENDER-USD | +0.0015% | 1h | 1.8077 | −0.008% | $18K | $22K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8089 | +0.056% | $277K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8071 | −0.047% | $11.8M | $44.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8070 | −0.050% | $11.8M | $12.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8080 | +0.006% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8060 | −0.105% | $514K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8070 | −0.050% | $11.0M | $11.8M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8070 | −0.050% | $4.9M | $9.8M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | 1.8079 | 0.000% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8070 | −0.050% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8053 | −0.146% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8046 | −0.183% | $40K | $247K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8070 | −0.050% | $1.8M | $3.8M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8066 | −0.074% | $26K | $254K | 10x | as long as short |
| Phoenix RENDERlong | +0.0266% | 1h | 1.8079 | long leg | $46K | $339K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8100 | +0.116% | $602K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8053 | −0.145% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0428% | 1h | 1.8098 | +0.105% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0512% | 1h | 1.8160 | +0.448% | $149K | $56K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0734% | 1h | 1.8073 | −0.032% | $421K | $1.4M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD