Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.023%
Price spread now: Coinbase International against BloFin+0.107%7-day average +0.278% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1831.834% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.107%, 7d avg +0.278%
=Funding pays, the price is against you. Coinbase International is 0.171% cheaper against BloFin than usual: you would sell low and buy high (spread +0.107% now, against its 7-day average of +0.278%). If the spread goes back, that is −$17 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.081% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8710 | 0.0340 | pay 0.0170% / 4h | 1h 45m | $578K | $1.1M | 90x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8730 | 0.0456 | get 0.0057% / 1h | 45m 14s | $152K | $53K | 50x |
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $24.36
- Price spread: +0.107% → +0.278%
- −$17.08
- Slippage, 4 orders
- −$161.39
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$176.1
- Costs to cover
- 1.834%
- Break-even
- 57.6 days
Slippage from BloFin: live order book, 67 min ago; Coinbase International: live order book, 18 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, 67 min ago | 2.73 bp | 13.4 bp −$13 | 22.0 bp −$220 | 92.7 bp −$9,267 | doesn't fit |
| Sell Coinbase International live order book, 18 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8666 | −0.234% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0017% | 1h | 1.8745 | +0.187% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8670 | −0.214% | $6K | $188K | 12x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8751 | +0.220% | $271K | $139K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8750 | +0.214% | $12.4M | $44.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8737 | +0.144% | $12.0M | $12.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8750 | +0.214% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8731 | +0.112% | $579K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8720 | +0.053% | $11.3M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | +0.053% | $5.2M | $11.8M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8749 | +0.208% | $10.1M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8730 | +0.107% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8677 | −0.178% | $230K | $276K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8730 | +0.107% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8735 | +0.134% | $27K | $198K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8671 | −0.208% | $47K | $246K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8710 | long leg | $578K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8731 | +0.111% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0456% | 1h | 1.8730 | +0.107% | $152K | $53K | 50x | |
| ApeX Omni RENDERUSDT | +0.0676% | 1h | 1.8620 | −0.481% | $46K | $252K | 50x | as long as short |
| Hyperliquid RENDER | +0.0961% | 1h | 1.8755 | +0.241% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1425% | 1h | 1.8768 | +0.310% | $490K | $1.0M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
ApeX Omni RENDERUSDT
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD