Funding you earn now, next payment 07:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.096%
Price spread now: Hyperliquid against BloFin+0.041%7-day average +0.150% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.232%+$23 · spread now +0.041%, 7d avg +0.150%
=Together, before fees+0.208%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.150%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8110 | 0.0340 | pay 0.0170% / 4h | 1h 44m | $608K | $1.2M | 90x |
| Short | Hyperliquid RENDER | 1.8117 | 0.0234 | get 0.0029% / 1h | 44m 40s | $4.1M | $3.4M | 5x |
BloFin RENDER-USDT
Hyperliquid RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$22.19
- Price spread: +0.041% → +0.150%
- −$10.89
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$54.08
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.
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, 3 min ago | 2.76 bp | 13.2 bp −$13 | 23.2 bp −$232 | 89.1 bp −$8,910 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 3.31 bp | 13.3 bp −$13 | 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 | −0.0354% | 1h | 1.8110 | 0.000% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8101 | −0.050% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0081% | 1h | 1.8124 | +0.077% | $18K | $37K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8123 | +0.071% | $277K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8095 | −0.081% | $11.7M | $47.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8091 | −0.105% | $11.8M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8120 | +0.055% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8099 | −0.061% | $520K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8090 | −0.110% | $11.1M | $11.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8100 | −0.055% | $4.8M | $10.7M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster 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 RENDERUSDT | +0.0100% | 4h | 1.8114 | +0.022% | $9.9M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8090 | −0.110% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8072 | −0.211% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8093 | −0.094% | $40K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8120 | +0.055% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8097 | −0.071% | $26K | $195K | 10x | as long as short |
| Hyperliquid RENDERshort | +0.0234% | 1h | 1.8117 | +0.041% | $4.1M | $3.4M | 5x | |
| Phoenix RENDER | +0.0309% | 1h | 1.8113 | +0.017% | $47K | $348K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8110 | long leg | $608K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8121 | +0.063% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0560% | 1h | 1.8160 | +0.276% | $150K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1208% | 1h | 1.8132 | +0.124% | $423K | $1.3M | 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]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD