Funding you earn now, next payment 03:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.049%
Price spread now: Coinbase International against Binance+1.725%7-day average +0.287% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$1761.758% of the position
Funding, last 7 days+0.571%+$57 on $10k
+Price spread, last 4 days (all we have)−2.046%−$205 · spread now +1.725%, 7d avg +0.287%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 1.437% dearer against Binance than usual: you sell high and buy low: +$144 more if the spread goes back to its 7-day average of +0.287%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RENDERUSDT | 1.8580 | 0.0100 | pay 0.0050% / 4h | 57m 50s | $12.4M | $47.0M | 75x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8900 | 0.0720 | get 0.0090% / 1h | 57m 50s | $155K | $57K | 50x |
Binance RENDERUSDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $130.2
- Price spread: +1.725% → +0.287%
- $143.75
- Slippage, 4 orders
- −$155.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $98.13
- Costs to cover
- 1.758%
- Break-even
- 1.7 days
Slippage from Binance: live order book, 14 min ago; Coinbase International: live order book, 65 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 Binance live order book, 14 min ago | 2.66 bp | 11.8 bp −$12 | 27.2 bp −$272 | 149.7 bp −$15.0K | doesn't fit |
| Sell Coinbase International live order book, 65 min ago | 16.22 bp | 76.3 bp −$76 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0223% | 1h | 1.8650 | +0.379% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8577 | −0.015% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8641 | +0.331% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDTlong | +0.0100% | 4h | 1.8580 | long leg | $12.4M | $47.0M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8560 | −0.105% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8590 | +0.056% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8609 | +0.158% | $568K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8580 | +0.002% | $13.0M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8600 | +0.110% | $5.0M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8591 | +0.062% | $10.2M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8580 | +0.002% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8641 | +0.332% | $265K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8674 | +0.508% | $42K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8650 | +0.379% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8575 | −0.025% | $27K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8684 | +0.562% | $48K | $242K | 5x | as long as short |
| Aster RENDERUSDT | +0.0320% | 4h | 1.8645 | +0.351% | $270K | $144K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8690 | +0.594% | $594K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8646 | +0.359% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0434% | 1h | 1.8612 | +0.175% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0720% | 1h | 1.8900 | +1.725% | $155K | $57K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1260% | 1h | 1.8662 | +0.446% | $485K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD