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: Gate against BloFin−0.086%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1371.365% of the position
Funding, last 7 days−0.535%−$54 on $10k
+Price spread, last 3 days (all we have)+0.236%+$24 · spread now −0.086%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.035% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8610 | 0.0340 | pay 0.0170% / 4h | 2h 18m | $602K | $1.4M | 90x |
| Short | Gate RENDER_USDT | 1.8594 | 0.0100 | get 0.0050% / 4h | 2h 18m | $544K | $1.1M | 50x |
BloFin RENDER-USDT
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.086% → −0.051%
- −$3.52
- Slippage, 4 orders
- −$109.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$190.45
- Costs to cover
- 1.365%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 5.33 bp | 14.9 bp −$15 | 27.6 bp −$276 | 50.4 bp −$5,041 | doesn't fit |
| Sell Gate live order book, 3 min ago | 6.67 bp | 53.1 bp −$53 | 172.0 bp −$1,720 | 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 | +0.645% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0309% | 4h | 1.8704 | +0.505% | $240K | $273K | — | as long as short |
| Bybit RENDERUSDT | −0.0073% | 4h | 1.8561 | −0.263% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0072% | 1h | 1.8601 | −0.048% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8619 | +0.048% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8610 | −0.002% | $266K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8590 | −0.107% | $12.5M | $49.2M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8600 | −0.054% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8594 | −0.086% | $544K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8590 | −0.107% | $12.0M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8580 | −0.161% | $5.1M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8598 | −0.064% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8590 | −0.107% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8682 | +0.387% | $44K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8590 | −0.107% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8596 | −0.074% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8643 | +0.177% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8610 | long leg | $602K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8601 | −0.048% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8750 | +0.752% | $155K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0746% | 1h | 1.8630 | +0.109% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0845% | 1h | 1.8631 | +0.113% | $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