Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Binance against BloFin−0.442%71s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as 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−$550.552% of the position
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 4 days (all we have)+0.519%+$52 · spread now −0.442%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.422% cheaper against BloFin than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.021%). Swap the legs. The two prices were read 71 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 | BloFin RENDER-USDT | 1.8090 | 0.0340 | pay 0.0170% / 4h | 3h 58m | $601K | $1.2M | 90x |
| Short | Binance RENDERUSDT | 1.8010 | 0.0100 | get 0.0050% / 4h | 3h 58m | $11.7M | $44.6M | 75x |
BloFin RENDER-USDT
Binance RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.442% → −0.021%
- −$42.16
- Slippage, 4 orders
- −$33.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147.79
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Binance: live order book, 14 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 BloFin live order book, 9 min ago | 5.54 bp | 17.1 bp −$17 | 25.9 bp −$259 | 130.1 bp −$13.0K | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.77 bp | 11.9 bp −$12 | 25.6 bp −$256 | 136.3 bp −$13.6K | 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 | −0.0013% | 1h | 1.8060 | −0.166% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8080 | −0.055% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8004 | −0.475% | $18K | $22K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8023 | −0.373% | $276K | $190K | 20x | as long as short |
| Binance RENDERUSDTshort | +0.0100% | 4h | 1.8010 | −0.442% | $11.7M | $44.6M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8000 | −0.498% | $11.8M | $12.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8030 | −0.332% | $3.1M | $7.9M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7986 | −0.575% | $512K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8010 | −0.442% | $10.5M | $11.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8010 | −0.442% | $4.8M | $9.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster 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 RENDERUSDT | +0.0100% | 4h | 1.8022 | −0.376% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.7990 | −0.553% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8053 | −0.207% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8046 | −0.243% | $40K | $247K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8010 | −0.442% | $1.8M | $3.8M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8005 | −0.469% | $26K | $254K | 10x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8080 | −0.055% | $46K | $306K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8090 | long leg | $601K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.7989 | −0.560% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0426% | 1h | 1.8017 | −0.404% | $421K | $1.4M | 50x | as long as short |
| Hyperliquid RENDER | +0.0469% | 1h | 1.8024 | −0.365% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0624% | 1h | 1.8160 | +0.387% | $149K | $56K | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX