Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance−0.165%61s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$700.703% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.165%, 7d avg +0.020%
=Funding pays, the price is against you. BloFin is 0.185% cheaper against Binance than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of +0.020%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$7 a day). The two prices were read 61 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 | Binance RENDERUSDT | 1.8200 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $11.9M | $47.1M | 75x |
| Short | BloFin RENDER-USDT | 1.8170 | 0.0340 | get 0.0170% / 4h | 2h 56m | $565K | $1.1M | 90x |
Binance RENDERUSDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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: −0.165% → +0.020%
- −$18.51
- Slippage, 4 orders
- −$48.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$38.4
- Costs to cover
- 0.703%
- Break-even
- 12.3 days
Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago | 2.74 bp | 11.0 bp −$11 | 23.8 bp −$238 | 257.6 bp −$25.8K | doesn't fit |
| Sell BloFin live order book, 1 min ago | 5.50 bp | 11.5 bp −$11 | 29.6 bp −$296 | 89.6 bp −$8,957 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8176 | −0.130% | $18K | $32K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8196 | −0.022% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8210 | +0.055% | $267K | $155K | 20x | as long as short |
| Binance RENDERUSDTlong | +0.0100% | 4h | 1.8200 | long leg | $11.9M | $47.1M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8183 | −0.093% | $11.7M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8200 | 0.000% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8180 | −0.110% | $529K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8190 | −0.055% | $12.2M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8210 | +0.055% | $4.9M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8210 | +0.055% | $9.9M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster 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-USDT | +0.0100% | 4h | 1.8180 | −0.110% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8122 | −0.430% | $258K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8131 | −0.379% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8190 | −0.055% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8196 | −0.024% | $26K | $192K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8180 | −0.110% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8150 | −0.275% | $47K | $334K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8170 | −0.165% | $565K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8183 | −0.093% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8150 | −0.275% | $151K | $57K | 50x | as long as short |
| Hyperliquid RENDER | +0.0712% | 1h | 1.8213 | +0.071% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1231% | 1h | 1.8216 | +0.087% | $491K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD