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 BingX+0.166%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.395%+$40 on $10k
+Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.166%, 7d avg +0.046%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.120% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RENDER-USDT | 1.8080 | 0.0100 | pay 0.0050% / 4h | 2h 19m | — | $5.2M | — |
| Short | BloFin RENDER-USDT | 1.8110 | 0.0340 | get 0.0170% / 4h | 2h 19m | $605K | $1.2M | 90x |
BingX RENDER-USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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: +0.166% → +0.046%
- $11.96
- Slippage, 4 orders
- −$33.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.24
- Costs to cover
- 0.551%
- Break-even
- 6.0 days
Slippage from BingX: live order book, 16 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 BingX live order book, 16 min ago | 5.56 bp | 15.5 bp −$16 | 21.7 bp −$217 | 60.6 bp −$6,062 | 918.3 bp −$459.2K |
| Sell BloFin live order book, 3 min ago | 2.78 bp | 11.5 bp −$12 | 29.7 bp −$297 | 105.2 bp −$10.5K | 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 | +0.0013% | 1h | 1.8077 | −0.018% | $18K | $22K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8072 | −0.042% | $277K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8078 | −0.012% | $11.8M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8070 | −0.055% | $11.8M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8090 | +0.055% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8077 | −0.017% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8070 | −0.055% | $10.7M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8090 | +0.055% | $4.8M | $10.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8092 | +0.066% | $9.8M | $10.8M | 50x | as long as short |
| BingX RENDER-USDTlong | +0.0100% | 4h | 1.8080 | long leg | — | $5.2M | — |
dYdX RENDER-USD
Aster RENDERUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | +0.0100% | 4h | 1.7992 | −0.488% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7918 | −0.896% | $39K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8060 | −0.111% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8081 | +0.004% | $26K | $191K | 10x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0137% | 1h | 1.8075 | −0.028% | $18K | $37K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8030 | −0.277% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.7939 | −0.780% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8110 | +0.166% | $605K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8073 | −0.041% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8100 | +0.111% | $150K | $60K | 50x | as long as short |
| Hyperliquid RENDER | +0.0621% | 1h | 1.8103 | +0.127% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1239% | 1h | 1.8095 | +0.081% | $423K | $1.3M | 50x | as long as short |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD