Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against Bybit+0.022%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1311.315% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.022%, 7d avg +0.040%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RENDERUSDT | 1.7930 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $11.5M | $13.2M | 50x |
| Short | Gate RENDER_USDT | 1.7934 | 0.0100 | get 0.0050% / 4h | 2h 32m | $520K | $1.3M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.022% → +0.040%
- −$1.81
- Slippage, 4 orders
- −$105.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$133.31
- Costs to cover
- 1.315%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 10 min ago; Gate: 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, 10 min ago | 5.54 bp | 15.6 bp −$16 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.84 bp | 57.0 bp −$57 | 169.6 bp −$1,696 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.7927 | −0.017% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0020% | 1h | 1.7917 | −0.072% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7970 | +0.224% | $267K | $175K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7949 | +0.105% | $11.7M | $47.5M | 75x | as long as short |
| Bybit RENDERUSDTlong | +0.0100% | 4h | 1.7930 | long leg | $11.5M | $13.2M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7950 | +0.112% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.7934 | +0.022% | $520K | $1.3M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7940 | +0.056% | $11.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.7960 | +0.167% | $4.8M | $11.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7960 | +0.167% | $9.7M | $10.7M | 50x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.7950 | +0.112% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7952 | +0.124% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8034 | +0.580% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7960 | +0.167% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7945 | +0.086% | $26K | $194K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.7950 | +0.112% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.7932 | +0.011% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7930 | 0.000% | $606K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.7924 | −0.034% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8080 | +0.837% | $150K | $60K | 50x | as long as short |
| Hyperliquid RENDER | +0.0628% | 1h | 1.7957 | +0.151% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1248% | 1h | 1.7961 | +0.174% | $462K | $1.2M | 50x | as long as short |
Bybit RENDERUSDT
Gate RENDER_USDT
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD