Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Binance against BloFin+0.020%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$640.635% of the position
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.020%, 7d avg −0.008%
=The price spread pays, funding is against you. Binance is 0.029% dearer against BloFin than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8280 | 0.0340 | pay 0.0170% / 4h | 2h 51m | $586K | $1.1M | 90x |
| Short | Binance RENDERUSDT | 1.8284 | 0.0100 | get 0.0050% / 4h | 2h 51m | $12.1M | $46.4M | 75x |
BloFin RENDER-USDT
Binance RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.020% → −0.008%
- $2.86
- Slippage, 4 orders
- −$41.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.07
- Costs to cover
- 0.635%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Binance: live order book, 6 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, 1 min ago | 2.73 bp | 13.4 bp −$13 | 22.0 bp −$220 | 92.7 bp −$9,267 | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.73 bp | 15.3 bp −$15 | 30.5 bp −$305 | 144.5 bp −$14.5K | 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 | −0.0344% | 1h | 1.8290 | +0.055% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8307 | +0.148% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8261 | −0.104% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8302 | +0.119% | $265K | $141K | 20x | as long as short |
| Binance RENDERUSDTshort | +0.0100% | 4h | 1.8284 | +0.020% | $12.1M | $46.4M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8260 | −0.109% | $11.7M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8290 | +0.055% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8260 | −0.109% | $542K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8260 | −0.109% | $10.9M | $10.8M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8270 | −0.055% | $4.9M | $12.2M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8273 | −0.038% | $9.8M | $10.7M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8270 | −0.055% | — | $3.9M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8227 | −0.289% | $224K | $279K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8303 | +0.126% | $46K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8270 | −0.055% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8253 | −0.150% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8250 | −0.164% | $149K | $64K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8313 | +0.181% | $46K | $297K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8280 | long leg | $586K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0912% | 1h | 1.8253 | −0.147% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0673% | 1h | 1.8287 | +0.038% | $471K | $1.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.0713% | 1h | 1.8295 | +0.082% | $4.2M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER