Funding you earn now, next payment 05:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.068%
Price spread now: Coinbase International against Bitget+0.696%7-day average +0.269% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1561.555% of the position
Funding, last 7 days+0.551%+$55 on $10k
+Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.696%, 7d avg +0.269%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.427% dearer against Bitget than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.269%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RENDERUSDT | 1.7955 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $9.7M | $10.7M | 50x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8080 | 0.0584 | get 0.0073% / 1h | 32m 46s | $150K | $60K | 50x |
Bitget RENDERUSDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $101.64
- Price spread: +0.696% → +0.269%
- $42.74
- Slippage, 4 orders
- −$133.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.13
- Costs to cover
- 1.555%
- Break-even
- 7.8 days
Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 15 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 Bitget live order book, 1 min ago | 1.39 bp | 15.6 bp −$16 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 15 min ago | 22.05 bp | 55.8 bp −$56 | 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 | 0.0000% | 1h | 1.7927 | −0.156% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0019% | 1h | 1.7937 | −0.100% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7963 | +0.047% | $267K | $175K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7946 | −0.049% | $11.7M | $47.5M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7935 | −0.111% | $11.5M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7960 | +0.028% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7934 | −0.117% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7940 | −0.084% | $11.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.7960 | +0.028% | $4.8M | $11.0M | 50x | as long as short |
| Bitget RENDERUSDTlong | +0.0100% | 4h | 1.7955 | long leg | $9.7M | $10.7M | 50x |
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.7950 | −0.028% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7952 | −0.015% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8034 | +0.440% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7960 | +0.028% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7945 | −0.054% | $26K | $194K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.7950 | −0.028% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.7932 | −0.128% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7930 | −0.139% | $606K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.7924 | −0.173% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0584% | 1h | 1.8080 | +0.696% | $150K | $60K | 50x | |
| Hyperliquid RENDER | +0.0629% | 1h | 1.7967 | +0.067% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1248% | 1h | 1.7961 | +0.034% | $462K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD