Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Gate−0.118%78s7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$1291.286% of the position
Funding, last 7 days+0.535%+$54 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.118%, 7d avg +0.051%
=Funding pays, the price is against you. BloFin is 0.169% cheaper against Gate than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.051%). If the spread goes back, that is −$17 on $10k: about 2.3 days of funding at the current rate (+$7 a day). The two prices were read 78 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 | Gate RENDER_USDT | 1.8612 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $545K | $1.1M | 50x |
| Short | BloFin RENDER-USDT | 1.8590 | 0.0340 | get 0.0170% / 4h | 2h 41m | $602K | $1.4M | 90x |
Gate RENDER_USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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: −0.118% → +0.051%
- −$16.89
- Slippage, 4 orders
- −$101.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$95.06
- Costs to cover
- 1.286%
- Break-even
- 20.2 days
Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago | 6.45 bp | 55.3 bp −$55 | 165.7 bp −$1,657 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 5.37 bp | 11.4 bp −$11 | 26.3 bp −$263 | 74.8 bp −$7,475 | 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 | −0.0440% | 1h | 1.8630 | +0.097% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0246% | 4h | 1.8580 | −0.171% | $223K | $255K | — | as long as short |
| Bybit RENDERUSDT | −0.0208% | 4h | 1.8583 | −0.156% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0018% | 1h | 1.8636 | +0.129% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8629 | +0.094% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8639 | +0.146% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8611 | −0.003% | $12.4M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8620 | +0.043% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDTlong | +0.0100% | 4h | 1.8612 | long leg | $545K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | −0.011% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8610 | −0.011% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8617 | +0.027% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8610 | −0.011% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | +0.032% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8610 | −0.011% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8619 | +0.039% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8615 | +0.016% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8590 | −0.118% | $602K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8640 | +0.150% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.226% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0745% | 1h | 1.8653 | +0.218% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1014% | 1h | 1.8645 | +0.177% | $4.2M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER