Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.080%
Price spread now: BloFin against Bybit−0.109%62s7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as 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−$520.520% of the position
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.109%, 7d avg +0.098%
=Funding pays, the price is against you. BloFin is 0.207% cheaper against Bybit than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.098%). If the spread goes back, that is −$21 on $10k: about 2.9 days of funding at the current rate (+$7 a day). The two prices were read 62 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 | Bybit RENDERUSDT | 1.8420 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $12.0M | $14.2M | 50x |
| Short | BloFin RENDER-USDT | 1.8400 | 0.0340 | get 0.0170% / 4h | 1h 56m | $595K | $1.4M | 90x |
Bybit RENDERUSDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.109% → +0.098%
- −$20.65
- Slippage, 4 orders
- −$28.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.24
- Costs to cover
- 0.520%
- Break-even
- 10.1 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 1 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 | 2.73 bp | 15.0 bp −$15 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 5.44 bp | 11.4 bp −$11 | 24.2 bp −$242 | 74.2 bp −$7,421 | 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 | −0.0576% | 1h | 1.8400 | −0.109% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0369% | 4h | 1.8424 | +0.023% | $222K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8448 | +0.153% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8446 | +0.141% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8464 | +0.237% | $264K | $184K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8443 | +0.127% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.8420 | long leg | $12.0M | $14.2M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8440 | +0.109% | $3.1M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8449 | +0.157% | $537K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | +0.054% | $11.7M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance 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 | 1.8430 | +0.054% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8436 | +0.087% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | +0.109% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8456 | +0.195% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8450 | +0.163% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8442 | +0.117% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8377 | −0.233% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8400 | −0.109% | $595K | $1.4M | 90x | |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.357% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8441 | +0.112% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0579% | 1h | 1.8475 | +0.301% | $469K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0815% | 1h | 1.8482 | +0.337% | $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
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER