Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against BloFin+0.162%66s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.162%, 7d avg −0.034%
=The price spread pays, funding is against you. BingX is 0.196% dearer against BloFin than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of −0.034%): +$20 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8480 | 0.0340 | pay 0.0170% / 4h | 1h 02m | $587K | $1.2M | 90x |
| Short | BingX RENDER-USDT | 1.8510 | 0.0100 | get 0.0050% / 4h | 1h 02m | — | $4.2M | — |
BloFin RENDER-USDT
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.162% → −0.034%
- $19.65
- Slippage, 4 orders
- −$43.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$96.08
- Costs to cover
- 0.653%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; BingX: live order book, 12 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, 10 min ago | 5.42 bp | 11.4 bp −$11 | 16.5 bp −$165 | 81.0 bp −$8,104 | doesn't fit |
| Sell BingX live order book, 12 min ago | 2.71 bp | 15.3 bp −$15 | 24.3 bp −$243 | 57.4 bp −$5,738 | 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 | −0.0576% | 1h | 1.8480 | 0.000% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0220% | 4h | 1.8483 | +0.014% | $223K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8489 | +0.049% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8507 | +0.146% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8510 | +0.162% | $267K | $174K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8514 | +0.184% | $12.2M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8501 | +0.114% | $12.0M | $13.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8510 | +0.162% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8501 | +0.114% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8500 | +0.108% | $12.1M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | 1.8490 | +0.054% | $5.0M | $12.6M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8519 | +0.211% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8510 | +0.162% | — | $4.2M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8492 | +0.065% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8500 | +0.108% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8506 | +0.139% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8510 | +0.162% | $47K | $325K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8480 | long leg | $587K | $1.2M | 90x | |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.216% | $152K | $65K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8501 | +0.113% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0577% | 1h | 1.8535 | +0.295% | $480K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0859% | 1h | 1.8561 | +0.438% | $4.3M | $3.5M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER