Funding you earn now, next payment 00:00 UTC+0.0284%/8h= +31.1% APRnext payment +$1.42 per $10,000 · paid last 24h +0.053%
Price spread now: MEXC against Variational Omni+0.121%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.121%, 7d avg +0.088%
=Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.033% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.088%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RENDER | 1.8577 | −0.0184 | get 0.0092% / 4h | 55m 17s | $225K | $297K | — |
| Short | MEXC RENDER_USDT | 1.8600 | 0.0100 | get 0.0050% / 4h | 55m 17s | $12.0M | $10.4M | 200x |
Variational Omni RENDER
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Variational Omni. 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
- $59.67
- Price spread: +0.121% → +0.088%
- $3.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $63.01
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 24 min ago; MEXC: live order book, 8 min ago. 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 Variational Omni RFQ quote, 24 min ago | 5.43 bp | doesn't fit | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 2.70 bp | 2.7 bp −$3 | 8.2 bp −$82 | 45.7 bp −$4,571 | 199.0 bp −$99.5K |
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 RENDERlong | −0.0184% | 4h | 1.8577 | long leg | $225K | $297K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8617 | +0.213% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8610 | +0.175% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.176% | $269K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.175% | $12.3M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8600 | +0.121% | $12.0M | $13.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | +0.175% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8603 | +0.137% | $538K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8600 | +0.121% | $12.0M | $10.4M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8590 | +0.067% | $5.1M | $12.5M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate 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 | 1.8610 | +0.175% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8610 | +0.175% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8597 | +0.105% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | +0.121% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8606 | +0.155% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8610 | +0.175% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8599 | +0.116% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.740% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8630 | +0.283% | $591K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8603 | +0.138% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0595% | 1h | 1.8635 | +0.310% | $483K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1796% | 1h | 1.8667 | +0.481% | $4.3M | $3.5M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex 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