Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Bybit+0.098%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 7 days−0.146%−$15 · spread now +0.098%, 7d avg +0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RENDERUSDT | 1.8412 | 0.0100 | pay 0.0050% / 4h | 6m 27s | $11.8M | $13.3M | 50x |
| Short | BingX RENDER-USDT | 1.8430 | 0.0100 | get 0.0050% / 4h | 6m 27s | — | $3.4M | — |
Bybit RENDERUSDT
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $0
- Price spread: +0.098% → +0.042%
- $5.59
- Slippage, 4 orders
- −$39.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.15
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: 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 Bybit live order book, 2 min ago | 2.71 bp | 13.6 bp −$14 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.43 bp | 14.8 bp −$15 | 22.4 bp −$224 | 63.3 bp −$6,331 | 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 | −0.0223% | 1h | 1.8530 | +0.641% | $12K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8423 | +0.060% | $12K | $31K | 25x | as long as short |
| dYdX RENDER-USD | +0.0058% | 1h | 1.8419 | +0.036% | $19K | $23K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8428 | +0.088% | $12.1M | $47.3M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.8412 | long leg | $11.8M | $13.3M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8440 | +0.152% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8431 | +0.103% | $546K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8420 | +0.043% | $12.5M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8430 | +0.098% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8443 | +0.168% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8430 | +0.098% | — | $3.4M | — | |
| Variational Omni RENDER | +0.0100% | 4h | 1.8487 | +0.405% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8482 | +0.380% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8440 | +0.152% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8420 | +0.044% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0164% | 4h | 1.8425 | +0.073% | $269K | $153K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8485 | +0.396% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8450 | +0.206% | $572K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0907% | 1h | 1.8413 | +0.003% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0589% | 1h | 1.8459 | +0.255% | $4.2M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8430 | +0.098% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1273% | 1h | 1.8465 | +0.288% | $481K | $1.1M | 50x | as long as short |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD