Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.005%
Price spread now: Aster against Phoenix−0.236%115s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.841% of the position
Funding, last 5 days (all we have)+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.236%, 7d avg +0.013%
=Together, before fees+0.226%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.248% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.116%, so the current rate has only just turned against you. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix RENDER | 1.8787 | 0.0171 | pay 0.0021% / 1h | 43m 33s | $48K | $324K | 5x |
| Short | Aster RENDERUSDT | 1.8743 | 0.0100 | get 0.0050% / 4h | 3h 43m | $270K | $164K | 20x |
Phoenix RENDER
Aster RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$14.87
- Price spread: −0.236% → +0.013%
- −$24.85
- Slippage, 4 orders
- −$69.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$123.8
- Costs to cover
- 0.841%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 27 min ago; Aster: live order book, 28 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, 27 min ago | 1.07 bp | 13.5 bp −$14 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 13.40 bp | 26.3 bp −$26 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | −0.0391% | 1h | 1.8707 | −0.426% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | −0.0213% | 1h | 1.8760 | −0.144% | $6K | $188K | 12x | as long as short |
| Variational Omni RENDER | −0.0065% | 4h | 1.8787 | 0.000% | $230K | $287K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8820 | +0.176% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8749 | −0.202% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDTshort | +0.0100% | 4h | 1.8743 | −0.236% | $270K | $164K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8767 | −0.107% | $12.5M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8740 | −0.250% | $12.1M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8770 | −0.090% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8739 | −0.255% | $534K | $1.1M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8750 | −0.197% | $12.2M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8710 | −0.410% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8765 | −0.117% | $10.1M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8760 | −0.144% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8790 | +0.016% | $47K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8730 | −0.303% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8756 | −0.167% | $32K | $209K | 10x | as long as short |
| Phoenix RENDERlong | +0.0171% | 1h | 1.8787 | long leg | $48K | $324K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8770 | −0.090% | $598K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8720 | −0.357% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0404% | 1h | 1.8734 | −0.281% | $476K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0819% | 1h | 1.8761 | −0.138% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER