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 OKX+0.054%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days+0.562%+$56 on $10k
+Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.054%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.055% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RENDER-USDT-SWAP | 1.8480 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $3.1M | $8.5M | 20x |
| Short | BloFin RENDER-USDT | 1.8490 | 0.0340 | get 0.0170% / 4h | 1h 21m | $591K | $1.3M | 90x |
OKX RENDER-USDT-SWAP
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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: +0.054% → −0.001%
- $5.46
- Slippage, 4 orders
- −$44.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$11.13
- Costs to cover
- 0.670%
- Break-even
- 8.5 days
Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.71 bp | 17.1 bp −$17 | 49.7 bp −$497 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 2.70 bp | 24.5 bp −$25 | 32.9 bp −$329 | 82.8 bp −$8,275 | 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 | −0.0576% | 1h | 1.8430 | −0.271% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0284% | 4h | 1.8403 | −0.418% | $223K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8487 | +0.040% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8486 | +0.032% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8487 | +0.039% | $265K | $176K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8479 | −0.003% | $12.2M | $48.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8460 | −0.108% | $12.0M | $13.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAPlong | +0.0100% | 4h | 1.8480 | long leg | $3.1M | $8.5M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8472 | −0.043% | $535K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8470 | −0.054% | $11.8M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
Gate RENDER_USDT
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 | 1.8470 | −0.054% | $5.0M | $12.7M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8484 | +0.022% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8480 | 0.000% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8509 | +0.157% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8470 | −0.054% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8470 | −0.055% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8428 | −0.281% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8490 | +0.054% | $591K | $1.3M | 90x | |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.216% | $152K | $66K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8484 | +0.019% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0577% | 1h | 1.8526 | +0.251% | $484K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0616% | 1h | 1.8518 | +0.203% | $4.2M | $3.5M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER