Funding you earn now, next payment 21:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against Phoenix+0.077%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 3 days (all we have)−0.413%−$41 · spread now +0.077%, 7d avg −0.080%
=Together, before fees−0.171%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.157% dearer against Phoenix than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.080%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.243%, 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 | 1.8615 | 0.0173 | pay 0.0022% / 1h | 43m 24s | $40K | $336K | 5x |
| Short | Extended RENDER-USD | 1.8629 | 0.0104 | get 0.0013% / 1h | 43m 24s | $31K | $178K | 10x |
Phoenix RENDER
Extended RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$14.39
- Price spread: +0.077% → −0.080%
- $15.69
- Slippage, 4 orders
- −$65.13
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$75.82
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 42 min ago; Extended: live order book, 43 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, 42 min ago | 1.09 bp | 13.4 bp −$13 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Extended live order book, 43 min ago | 12.23 bp | 24.8 bp −$25 | 75.5 bp −$755 | 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 | 1.8630 | +0.081% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0246% | 4h | 1.8580 | −0.188% | $223K | $255K | — | as long as short |
| Bybit RENDERUSDT | −0.0235% | 4h | 1.8593 | −0.118% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0126% | 1h | 1.8623 | +0.043% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8629 | +0.078% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8640 | +0.134% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8629 | +0.076% | $12.4M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8630 | +0.081% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8614 | −0.005% | $545K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8620 | +0.027% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
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 | 1.8610 | −0.027% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8630 | +0.081% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8620 | +0.027% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | +0.016% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | −0.081% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USDshort | +0.0104% | 1h | 1.8629 | +0.077% | $31K | $178K | 10x | |
| Phoenix RENDERlong | +0.0173% | 1h | 1.8615 | long leg | $40K | $336K | 5x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8570 | −0.242% | $600K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8624 | +0.047% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.242% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0746% | 1h | 1.8637 | +0.117% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1069% | 1h | 1.8658 | +0.231% | $4.2M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER