Funding you earn now, next payment 22:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.128%
Price spread now: Deribit against BloFin−0.194%57s7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.808%−$81 on $10k
+Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.194%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.180% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 57 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 | 1.8580 | 0.0340 | pay 0.0170% / 4h | 2h 16m | $606K | $1.4M | 90x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8544 | −0.0020 | pay 0.0002% / 1h | 16m 24s | $11K | $30K | 25x |
BloFin RENDER-USDT
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$75.51
- Price spread: −0.194% → −0.014%
- −$18.02
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$112.53
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 5.39 bp | 14.6 bp −$15 | 26.7 bp −$267 | 95.0 bp −$9,502 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.807% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0309% | 4h | 1.8704 | +0.667% | $240K | $273K | — | as long as short |
| Bybit RENDERUSDT | −0.0064% | 4h | 1.8530 | −0.269% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | −0.0020% | 1h | 1.8544 | −0.194% | $11K | $30K | 25x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8579 | −0.005% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8549 | −0.169% | $265K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8550 | −0.164% | $12.4M | $48.9M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8560 | −0.108% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8548 | −0.172% | $543K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8540 | −0.215% | $12.0M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
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 | 1.8530 | −0.269% | $5.0M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8546 | −0.183% | $9.9M | $10.2M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8550 | −0.161% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8682 | +0.549% | $44K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8540 | −0.215% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8547 | −0.177% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8606 | +0.140% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8580 | long leg | $606K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8547 | −0.177% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8750 | +0.915% | $155K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0749% | 1h | 1.8574 | −0.030% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0839% | 1h | 1.8574 | −0.032% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER