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: Gate against BloFin−0.128%48s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as 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−$1311.307% of the position
Funding, last 7 days−0.535%−$54 on $10k
+Price spread, last 3 days (all we have)+0.279%+$28 · spread now −0.128%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.078% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.051%). Swap the legs. 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 | BloFin RENDER-USDT | 1.8700 | 0.0340 | pay 0.0170% / 4h | 2h 32m | $601K | $1.4M | 90x |
| Short | Gate RENDER_USDT | 1.8676 | 0.0100 | get 0.0050% / 4h | 2h 32m | $550K | $1.1M | 50x |
BloFin RENDER-USDT
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.128% → −0.051%
- −$7.76
- Slippage, 4 orders
- −$103.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$188.9
- Costs to cover
- 1.307%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Gate: 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 BloFin live order book, 5 min ago | 2.67 bp | 12.4 bp −$12 | 18.2 bp −$182 | 61.5 bp −$6,152 | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.90 bp | 42.3 bp −$42 | 159.4 bp −$1,594 | 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 | 1.8690 | −0.053% | $6K | $141K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0285% | 1h | 1.8676 | −0.128% | $11K | $30K | 25x | as long as short |
| Variational Omni RENDER | −0.0249% | 4h | 1.8649 | −0.271% | $231K | $263K | — | as long as short |
| Bybit RENDERUSDT | −0.0130% | 4h | 1.8640 | −0.321% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8679 | −0.111% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8683 | −0.091% | $271K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8670 | −0.160% | $12.5M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | −0.107% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8676 | −0.128% | $550K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8680 | −0.107% | $12.0M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8650 | −0.267% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8673 | −0.144% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8660 | −0.214% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8687 | −0.070% | $45K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8670 | −0.160% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8675 | −0.134% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8683 | −0.091% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8700 | long leg | $601K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0904% | 1h | 1.8680 | −0.107% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.321% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0743% | 1h | 1.8702 | +0.011% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0814% | 1h | 1.8709 | +0.049% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
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