Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against KuCoin−0.109%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.109%, 7d avg +0.006%
=Funding pays, the price is against you. BloFin is 0.115% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.006%). If the spread goes back, that is −$11 on $10k: about 38 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8370 | 0.0100 | pay 0.0050% / 4h | 29m 17s | $4.9M | $11.7M | 50x |
| Short | BloFin RENDER-USDT | 1.8350 | 0.0340 | get 0.0170% / 4h | 29m 17s | $573K | $1.1M | 90x |
KuCoin RENDERUSDTM
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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% → +0.006%
- −$11.5
- Slippage, 4 orders
- −$77.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.04
- Costs to cover
- 1.019%
- Break-even
- 15.8 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 3 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 KuCoin live order book, 4 min ago | 2.72 bp | 31.4 bp −$31 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 5.46 bp | 11.5 bp −$11 | 16.1 bp −$161 | 81.6 bp −$8,164 | 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 | 1.8200 | −0.925% | $6K | $188K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8349 | −0.114% | $10K | $30K | 25x | as long as short |
| dYdX RENDER-USD | +0.0078% | 1h | 1.8367 | −0.018% | $19K | $23K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8352 | −0.096% | $12.1M | $47.4M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8330 | −0.218% | $11.7M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8340 | −0.163% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8346 | −0.131% | $548K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8350 | −0.109% | $12.5M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.8370 | long leg | $4.9M | $11.7M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8369 | −0.005% | $10.0M | $10.9M | 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
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8360 | −0.054% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8292 | −0.426% | $261K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8345 | −0.136% | $41K | $252K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8350 | −0.109% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8351 | −0.105% | $26K | $200K | 10x | as long as short |
| Aster RENDERUSDT | +0.0241% | 4h | 1.8360 | −0.054% | $266K | $151K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8376 | +0.033% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8350 | −0.109% | $573K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0907% | 1h | 1.8344 | −0.142% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0505% | 1h | 1.8382 | +0.065% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8450 | +0.435% | $151K | $55K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1280% | 1h | 1.8375 | +0.025% | $478K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD