Funding you earn now, next payment 03:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.057%
Price spread now: BingX against Coinbase International0.000%7-day average −0.326% · you sell dearer than you buy
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1851.845% of the position
Funding, last 7 days−0.469%−$47 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now 0.000%, 7d avg −0.326%
=The price spread pays, funding is against you. BingX is 0.326% dearer against Coinbase International than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.326%): +$33 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.469% in total) that is about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8430 | 0.0720 | pay 0.0090% / 1h | 6m 30s | $153K | $59K | 50x |
| Short | BingX RENDER-USDT | 1.8430 | 0.0100 | get 0.0050% / 4h | 6m 30s | — | $3.4M | — |
Coinbase International RENDER-PERP-INTX
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- −$130.2
- Price spread: 0.000% → −0.326%
- $32.6
- Slippage, 4 orders
- −$164.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$282.13
- Costs to cover
- 1.845%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 51 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 Coinbase International live order book, 51 min ago | 18.82 bp | 73.9 bp −$74 | doesn't fit | 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 | +0.543% | $12K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8423 | −0.038% | $12K | $31K | 25x | as long as short |
| dYdX RENDER-USD | +0.0058% | 1h | 1.8419 | −0.061% | $19K | $23K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8428 | −0.009% | $12.1M | $47.3M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8412 | −0.098% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8440 | +0.054% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8431 | +0.005% | $546K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8420 | −0.054% | $12.5M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8430 | 0.000% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8443 | +0.071% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
Bybit 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 | 0.000% | — | $3.4M | — | |
| Variational Omni RENDER | +0.0100% | 4h | 1.8487 | +0.307% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8482 | +0.282% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8440 | +0.054% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8420 | −0.054% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0164% | 4h | 1.8425 | −0.025% | $269K | $153K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8485 | +0.298% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8450 | +0.109% | $572K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0907% | 1h | 1.8413 | −0.095% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0589% | 1h | 1.8459 | +0.157% | $4.2M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0720% | 1h | 1.8430 | long leg | $153K | $59K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1273% | 1h | 1.8465 | +0.190% | $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
Kraken Futures PF_RENDERUSD