Funding you earn now, next payment 22:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.056%
Price spread now: Deribit against Bitget−0.027%48s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$580.578% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 3 days (all we have)−0.410%−$41 · spread now −0.027%, 7d avg −0.026%
=The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 48 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 | 1.8686 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $10.0M | $10.3M | 50x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8681 | −0.0071 | pay 0.0009% / 1h | 37m 25s | $11K | $30K | 25x |
Bitget RENDERUSDT
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$35.93
- Price spread: −0.027% → −0.026%
- −$0.06
- Slippage, 4 orders
- −$38.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$93.75
- Costs to cover
- 0.578%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Deribit: live order book, 71 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, 1 min ago | 4.01 bp | 17.3 bp −$17 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 71 min ago | 5.51 bp | 14.3 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0440% | 1h | 1.8640 | −0.246% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.379% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0105% | 4h | 1.8670 | −0.086% | $12.2M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | −0.0071% | 1h | 1.8681 | −0.027% | $11K | $30K | 25x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8699 | +0.072% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8697 | +0.061% | $272K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8688 | +0.013% | $12.5M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8690 | +0.021% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8680 | −0.032% | $547K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8690 | +0.021% | $12.0M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8690 | +0.021% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDTlong | +0.0100% | 4h | 1.8686 | long leg | $10.0M | $10.3M | 50x | |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8690 | +0.021% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8646 | −0.214% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8670 | −0.086% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8692 | +0.029% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8683 | −0.016% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8650 | −0.193% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8680 | −0.030% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.246% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8701 | +0.082% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0910% | 1h | 1.8713 | +0.144% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER