Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.116%
Price spread now: Variational Omni against BloFin−0.652%7-day average −0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.348%−$35 on $10k
+Price spread, last 4 days (all we have)+0.671%+$67 · spread now −0.652%, 7d avg −0.143%
=Together, before fees+0.323%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.510% cheaper against BloFin than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.143%). 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 | 2h 18m | $605K | $1.2M | 90x |
| Short | Variational Omni RENDER | 1.7992 | 0.0100 | get 0.0050% / 4h | 2h 18m | $255K | $314K | — |
BloFin RENDER-USDT
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.652% → −0.143%
- −$50.96
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$113.36
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, 30 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, 4 min ago | 2.78 bp | 14.3 bp −$14 | 16.5 bp −$165 | 106.7 bp −$10.7K | doesn't fit |
| Sell Variational Omni RFQ quote, 30 min ago | 5.49 bp | doesn't fit | 32.7 bp −$327 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | +0.0013% | 1h | 1.8077 | −0.184% | $18K | $22K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8057 | −0.292% | $276K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8057 | −0.294% | $11.7M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8054 | −0.309% | $11.8M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8070 | −0.221% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8076 | −0.188% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8050 | −0.331% | $10.7M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8090 | −0.110% | $4.8M | $10.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8067 | −0.237% | $9.8M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8070 | −0.221% | — | $5.2M | — | as long as short |
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDERshort | +0.0100% | 4h | 1.7992 | −0.652% | $255K | $314K | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7918 | −1.060% | $39K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8060 | −0.276% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8071 | −0.215% | $26K | $191K | 10x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0137% | 1h | 1.8075 | −0.193% | $18K | $37K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8030 | −0.442% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.7939 | −0.944% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8110 | long leg | $605K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8073 | −0.206% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8100 | −0.055% | $150K | $60K | 50x | as long as short |
| Hyperliquid RENDER | +0.0622% | 1h | 1.8073 | −0.207% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1239% | 1h | 1.8095 | −0.085% | $423K | $1.3M | 50x | as long as short |
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD