RENDER

Alert: funding

Alert: spread

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: MEXC against BloFin+0.333%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.490%−$49 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.333%, 7d avg −0.051%

Together, before fees−0.781%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.384% dearer against BloFin than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of −0.051%): +$38 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RENDER-USDT	1.8030	0.0340	pay 0.0170% / 4h	14m 39s	$601K	$1.2M	90x
Short	MEXC RENDER_USDT	1.8090	0.0100	get 0.0050% / 4h	14m 39s	$11.0M	$11.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now +0.333%Rate

Funding earned: −$50.4
Price spread: +0.333% → −0.051%: $38.38
Slippage, 4 orders: −$32.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$56.6
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago	5.54 bp	17.1 bp −$17	21.3 bp −$213	119.7 bp −$12.0K	doesn't fit
Sell MEXC live order book, 4 min ago	2.78 bp	2.8 bp −$3	8.9 bp −$89	41.3 bp −$4,130	192.9 bp −$96.4K

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	−0.0131%	1h	1.7770	−1.442%	$11K	$194K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8027	−0.017%	$18K	$37K	25x	as long as short
dYdX RENDER-USD	+0.0010%	1h	1.8097	+0.369%	$18K	$22K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8093	+0.349%	$277K	$189K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8090	+0.334%	$11.7M	$45.6M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8089	+0.327%	$11.9M	$12.4M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8090	+0.333%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8068	+0.211%	$515K	$1.2M	50x	as long as short
MEXC RENDER_USDTshort	+0.0100%	4h	1.8090	+0.333%	$11.0M	$11.8M	200x
KuCoin RENDERUSDTM	+0.0100%	4h	1.8090	+0.333%	$4.9M	$10.0M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8079	+0.272%	$9.9M	$10.6M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8080	+0.277%	—	$5.1M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8032	+0.012%	$256K	$314K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8013	−0.094%	$40K	$248K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8020	−0.055%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8080	+0.277%	$26K	$254K	10x	as long as short
Phoenix RENDER	+0.0266%	1h	1.8028	−0.011%	$46K	$339K	5x	as long as short
BloFin RENDER-USDTlong	+0.0340%	4h	1.8030	long leg	$601K	$1.2M	90x
GMX RENDER/USD [ETH-USDC]	L +0.0361% / S −0.0906%	1h	1.8021	−0.048%	$15K	—	100x	as long as short
Hyperliquid RENDER	+0.0420%	1h	1.8119	+0.494%	$4.1M	$3.4M	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0512%	1h	1.8040	+0.055%	$148K	$60K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.0736%	1h	1.8034	+0.021%	$421K	$1.4M	50x	as long as short