Funding you earn now, next payment 22:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%
Price spread now: ApeX Omni against BloFin−0.349%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days−0.445%−$45 on $10k
+Price spread, last 3 days (all we have)+0.708%+$71 · spread now −0.349%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.352% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8640 | 0.0340 | pay 0.0170% / 4h | 2h 14m | $607K | $1.4M | 90x |
| Short | ApeX Omni RENDERUSDT | 1.8575 | 0.0100 | get 0.0013% / 1h | 14m 27s | $45K | $267K | 50x |
BloFin RENDER-USDT
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. 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
- −$50.4
- Price spread: −0.349% → +0.004%
- −$35.23
- Slippage, 4 orders
- −$33.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$140.81
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 7 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 BloFin live order book, 3 min ago | 5.39 bp | 14.6 bp −$15 | 26.7 bp −$267 | 95.0 bp −$9,502 | doesn't fit |
| Sell ApeX Omni live order book, 7 min ago | 6.93 bp | 15.2 bp −$15 | 118.3 bp −$1,183 | 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 | 1.8730 | +0.483% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0337% | 4h | 1.8519 | −0.648% | $221K | $294K | — | as long as short |
| Bybit RENDERUSDT | −0.0030% | 4h | 1.8591 | −0.263% | $12.1M | $14.5M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8638 | −0.010% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0071% | 1h | 1.8673 | +0.177% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8630 | −0.054% | $266K | $186K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8610 | −0.161% | $12.4M | $48.7M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | −0.161% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8624 | −0.086% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | −0.161% | $12.0M | $10.4M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.8600 | −0.215% | $5.1M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8618 | −0.118% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8620 | −0.107% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8575 | −0.349% | $45K | $267K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | +0.107% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8625 | −0.083% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8606 | −0.182% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8640 | long leg | $607K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8604 | −0.194% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8670 | +0.161% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8683 | +0.229% | $483K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0836% | 1h | 1.8640 | −0.002% | $4.3M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER