Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against BloFin+0.161%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.161%, 7d avg −0.031%
=The price spread pays, funding is against you. BingX is 0.192% dearer against BloFin than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of −0.031%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8670 | 0.0340 | pay 0.0170% / 4h | 2h 28m | $605K | $1.4M | 90x |
| Short | BingX RENDER-USDT | 1.8700 | 0.0100 | get 0.0050% / 4h | 2h 28m | — | $4.3M | — |
BloFin RENDER-USDT
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.161% → −0.031%
- $19.16
- Slippage, 4 orders
- −$25.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$78.79
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago | 5.36 bp | 17.1 bp −$17 | 30.8 bp −$308 | 77.3 bp −$7,733 | doesn't fit |
| Sell BingX live order book, 1 min ago | 2.68 bp | 8.0 bp −$8 | 17.5 bp −$175 | 48.0 bp −$4,803 | 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 | 1.8670 | 0.000% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0269% | 4h | 1.8634 | −0.192% | $234K | $268K | — | as long as short |
| Bybit RENDERUSDT | −0.0123% | 4h | 1.8690 | +0.107% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8698 | +0.151% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8719 | +0.262% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8726 | +0.298% | $268K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8717 | +0.254% | $12.6M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8720 | +0.268% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8696 | +0.139% | $551K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8710 | +0.214% | $12.0M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.8700 | +0.161% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8718 | +0.257% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8700 | +0.161% | — | $4.3M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8660 | −0.054% | $44K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8700 | +0.161% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8715 | +0.242% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8672 | +0.011% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8670 | long leg | $605K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0904% | 1h | 1.8705 | +0.186% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.161% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0742% | 1h | 1.8733 | +0.337% | $490K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0829% | 1h | 1.8761 | +0.487% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER