Funding you earn now, next payment 23:00 UTC−0.0916%/8h= −100.3% APRpaid last 24h −0.307%
Price spread now: Injective against BloFin−0.377%7-day average −0.208% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.809%−$81 on $10k
+Price spread, last 3 days (all we have)+0.527%+$53 · spread now −0.377%, 7d avg −0.208%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Injective is 0.169% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.208%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8570 | 0.0340 | pay 0.0170% / 4h | 1h 00m | $590K | $1.2M | 90x |
| Short | Injective RENDER/USDC PERP | 1.8500 | −0.0576 | pay 0.0072% / 1h | 0m 28s | $6K | $187K | 12x |
BloFin RENDER-USDT
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$192.33
- Price spread: −0.377% → −0.208%
- −$16.91
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$221.26
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 2 min ago; Injective: live order book, 34 min ago. 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, 2 min ago | 2.70 bp | 30.1 bp −$30 | 36.4 bp −$364 | 86.6 bp −$8,658 | doesn't fit |
| Sell Injective live order book, 34 min ago | 40.62 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERPshort | −0.0576% | 1h | 1.8500 | −0.377% | $6K | $187K | 12x | |
| Variational Omni RENDER | −0.0220% | 4h | 1.8483 | −0.471% | $223K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8547 | −0.123% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8537 | −0.178% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8560 | −0.054% | $268K | $174K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8560 | −0.056% | $12.3M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8538 | −0.172% | $12.0M | $13.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8550 | −0.108% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8546 | −0.129% | $537K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8550 | −0.108% | $12.2M | $10.8M | 200x | as long as short |
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 | 1.8540 | −0.162% | $5.0M | $12.6M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8557 | −0.070% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8550 | −0.108% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8491 | −0.425% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8530 | −0.215% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8556 | −0.075% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8517 | −0.285% | $47K | $325K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8570 | long leg | $590K | $1.2M | 90x | |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.700% | $152K | $65K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8531 | −0.211% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0576% | 1h | 1.8559 | −0.057% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0889% | 1h | 1.8607 | +0.199% | $4.3M | $3.5M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
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