Funding you earn now, next payment 01:00 UTC+0.0731%/8h= +80.1% APRpaid last 24h +0.127%
Price spread now: BloFin against Deribit+0.337%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.808%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BloFin is 0.337% dearer against Deribit than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Deribit RENDER_USDC-PERPETUAL | 1.8707 | −0.0391 | get 0.0049% / 1h | 44m 21s | $11K | $30K | 25x |
| Short | BloFin RENDER-USDT | 1.8770 | 0.0340 | get 0.0170% / 4h | 3h 44m | $598K | $1.3M | 90x |
Deribit RENDER_USDC-PERPETUAL
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $153.52
- Price spread: +0.337% → 0.000%
- $33.68
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $168.2
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 7.99 bp | 23.8 bp −$24 | 35.7 bp −$357 | 81.3 bp −$8,132 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUALlong | −0.0391% | 1h | 1.8707 | long leg | $11K | $30K | 25x | |
| Injective RENDER/USDC PERP | −0.0213% | 1h | 1.8760 | +0.283% | $6K | $188K | 12x | as long as short |
| Variational Omni RENDER | −0.0065% | 4h | 1.8787 | +0.428% | $230K | $287K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8820 | +0.604% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8757 | +0.268% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8728 | +0.113% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8720 | +0.069% | $12.5M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8700 | −0.037% | $12.1M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8720 | +0.069% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8739 | +0.171% | $534K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8710 | +0.016% | $12.1M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8710 | +0.016% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8718 | +0.059% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8720 | +0.069% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8778 | +0.380% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8730 | +0.123% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8716 | +0.046% | $32K | $209K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8787 | +0.428% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8770 | +0.337% | $598K | $1.3M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8720 | +0.069% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0404% | 1h | 1.8734 | +0.145% | $476K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0835% | 1h | 1.8749 | +0.225% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER