Extreme server lags near the world border with a render distance of more than ~5

The bug

Extreme lags near the world border with a render distance of more than ~5.

Steps to reproduce

• Make sure you are in creative mode
• Use the command /tp @p 29999983 80 29999983
• Make sure that the render distance value is more than six
• Try to interact with the world, for example, pour water out of the bucket

Side note

This error does not appear in the super-flat world.