Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.057%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.057%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.057% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RENDERUSDT | 1.8601 | 0.0100 | pay 0.0050% / 4h | 52m 20s | $12.3M | $47.2M | 75x |
| Short | OKX RENDER-USDT-SWAP | 1.8590 | 0.0100 | get 0.0050% / 4h | 52m 20s | $3.2M | $8.4M | 20x |
Binance RENDERUSDT
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.057% → 0.000%
- −$5.69
- Slippage, 4 orders
- −$42.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$67.93
- Costs to cover
- 0.622%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago | 2.69 bp | 14.5 bp −$14 | 26.4 bp −$264 | 169.9 bp −$17.0K | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.69 bp | 17.3 bp −$17 | 46.0 bp −$460 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0184% | 4h | 1.8577 | −0.125% | $225K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8597 | −0.022% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8591 | −0.052% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.050% | $269K | $173K | 20x | as long as short |
| Binance RENDERUSDTlong | +0.0100% | 4h | 1.8601 | long leg | $12.3M | $47.2M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8578 | −0.122% | $12.0M | $13.5M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8590 | −0.057% | $3.2M | $8.4M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8591 | −0.052% | $538K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | +0.050% | $12.1M | $10.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8590 | −0.057% | $5.1M | $12.5M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Bybit RENDERUSDT
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8597 | −0.020% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8590 | −0.057% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8597 | −0.020% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | −0.004% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8592 | −0.044% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8590 | −0.057% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8617 | +0.088% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.864% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8620 | +0.104% | $591K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8594 | −0.038% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0596% | 1h | 1.8612 | +0.064% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1746% | 1h | 1.8652 | +0.276% | $4.3M | $3.5M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER