Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: KuCoin against BloFin−0.055%80s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as 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−$860.859% of the position
Funding, last 7 days−0.385%−$38 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.055%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 80 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 | 1.8300 | 0.0340 | pay 0.0170% / 4h | 3h 31m | $567K | $1.1M | 90x |
| Short | KuCoin RENDERUSDTM | 1.8290 | 0.0100 | get 0.0050% / 4h | 3h 31m | $4.9M | $11.3M | 50x |
BloFin RENDER-USDT
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.055% → −0.006%
- −$4.86
- Slippage, 4 orders
- −$61.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$141.2
- Costs to cover
- 0.859%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 2 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, 5 min ago | 5.47 bp | 16.6 bp −$17 | 30.2 bp −$302 | 99.6 bp −$9,961 | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.73 bp | 33.3 bp −$33 | 70.7 bp −$707 | 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 | −0.0572% | 1h | 1.8310 | +0.055% | $12K | $194K | 12x | as long as short |
| dYdX RENDER-USD | +0.0060% | 1h | 1.8287 | −0.073% | $19K | $23K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0078% | 1h | 1.8281 | −0.104% | $13K | $33K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8287 | −0.071% | $268K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8275 | −0.138% | $11.9M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8270 | −0.164% | $11.7M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8290 | −0.055% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8263 | −0.202% | $535K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8270 | −0.164% | $12.4M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.8290 | −0.055% | $4.9M | $11.3M | 50x |
Injective RENDER/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8287 | −0.071% | $10.0M | $10.7M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8270 | −0.164% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8262 | −0.209% | $260K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8289 | −0.060% | $40K | $256K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8290 | −0.055% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8267 | −0.182% | $26K | $201K | 10x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8308 | +0.044% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8300 | long leg | $567K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0372% / S −0.0956% | 1h | 1.8274 | −0.140% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0579% | 1h | 1.8299 | −0.005% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | +0.710% | $153K | $58K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1047% | 1h | 1.8305 | +0.030% | $496K | $1.2M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD