Funding you earn now, next payment 00:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.048%
Price spread now: Binance against Coinbase International+0.375%7-day average −0.265% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days−0.570%−$57 on $10k
+Price spread, last 3 days (all we have)−0.634%−$63 · spread now +0.375%, 7d avg −0.265%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.640% dearer against Coinbase International than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of −0.265%. Mind the row above: over the last 7 days funding on this pair cost −0.570%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8660 | −0.0040 | get 0.0005% / 1h | 15m 03s | $153K | $64K | 50x |
| Short | Binance RENDERUSDT | 1.8730 | 0.0100 | get 0.0050% / 4h | 3h 15m | $12.5M | $46.0M | 75x |
Coinbase International RENDER-PERP-INTX
Binance RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $29.4
- Price spread: +0.375% → −0.265%
- $63.98
- Slippage, 4 orders
- −$58.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $15.24
- Costs to cover
- 0.781%
- Break-even
- 3.4 days
Slippage from Coinbase International: live order book, 58 min ago; Binance: live order book, 12 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 Coinbase International live order book, 58 min ago | 13.43 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.68 bp | 13.1 bp −$13 | 27.2 bp −$272 | 126.2 bp −$12.6K | 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 | −0.0213% | 1h | 1.8630 | −0.161% | $6K | $188K | 12x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | −0.0040% | 1h | 1.8660 | long leg | $153K | $64K | 50x | |
| Variational Omni RENDER | −0.0011% | 4h | 1.8797 | +0.735% | $231K | $280K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8847 | +1.003% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8868 | +1.115% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8897 | +1.268% | $273K | $146K | 20x | as long as short |
| Binance RENDERUSDTshort | +0.0100% | 4h | 1.8730 | +0.375% | $12.5M | $46.0M | 75x | |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8724 | +0.343% | $12.1M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8750 | +0.482% | $3.2M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8855 | +1.045% | $533K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8720 | +0.322% | $12.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | +0.322% | $5.3M | $12.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8736 | +0.407% | $10.1M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8750 | +0.482% | — | $4.0M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8706 | +0.247% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8870 | +1.125% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8733 | +0.393% | $29K | $205K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8752 | +0.493% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8820 | +0.857% | $598K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8869 | +1.118% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0401% | 1h | 1.8891 | +1.236% | $480K | $1.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.0839% | 1h | 1.8868 | +1.115% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER