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 Bitget+0.464%85s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as 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−$640.636% of the position
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 4 days (all we have)−0.920%−$92 · spread now +0.464%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.473% dearer against Bitget than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 85 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 | Bitget RENDERUSDT | 1.8534 | 0.0100 | pay 0.0050% / 4h | 51m 53s | $10.1M | $10.8M | 50x |
| Short | BloFin RENDER-USDT | 1.8620 | 0.0340 | get 0.0170% / 4h | 51m 53s | $588K | $1.2M | 90x |
Bitget RENDERUSDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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: +0.464% → −0.009%
- $47.35
- Slippage, 4 orders
- −$39.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $34.16
- Costs to cover
- 0.636%
- Break-even
- 2.3 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 5 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 Bitget live order book, 2 min ago | 0.54 bp | 12.2 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 10.71 bp | 20.7 bp −$21 | 34.4 bp −$344 | 96.2 bp −$9,624 | 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 | 1.8640 | +0.572% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8567 | +0.177% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8538 | +0.022% | $11K | $30K | 25x | as long as short |
| ApeX Omni RENDERUSDT | +0.0038% | 1h | 1.8638 | +0.561% | $41K | $253K | 50x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8526 | −0.045% | $12.4M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8520 | −0.076% | $11.8M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8540 | +0.032% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8541 | +0.038% | $568K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8530 | −0.022% | $13.0M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8560 | +0.140% | $5.0M | $11.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
ApeX Omni RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 RENDERUSDTlong | +0.0100% | 4h | 1.8534 | long leg | $10.1M | $10.8M | 50x | |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8530 | −0.022% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8692 | +0.852% | $266K | $313K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8560 | +0.140% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8545 | +0.059% | $27K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8680 | +0.788% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0338% | 4h | 1.8564 | +0.164% | $269K | $147K | 20x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8620 | +0.464% | $588K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0366% / S −0.0912% | 1h | 1.8540 | +0.032% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0579% | 1h | 1.8558 | +0.132% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8900 | +1.975% | $155K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1267% | 1h | 1.8563 | +0.155% | $482K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD