Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.008%
Price spread now: BloFin against Coinbase International+0.661%7-day average −0.271% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$1541.536% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.790%−$79 · spread now +0.661%, 7d avg −0.271%
=The price spread pays, funding is against you. BloFin is 0.931% dearer against Coinbase International than usual: you sell high and buy low (spread +0.661% now, against its 7-day average of −0.271%): +$93 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.092% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8160 | 0.0624 | pay 0.0078% / 1h | 12m 50s | $149K | $51K | 50x |
| Short | BloFin RENDER-USDT | 1.8280 | 0.0340 | get 0.0170% / 4h | 3h 12m | $602K | $1.2M | 90x |
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$59.64
- Price spread: +0.661% → −0.271%
- $93.14
- Slippage, 4 orders
- −$131.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$120.06
- Costs to cover
- 1.536%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 20 min ago; BloFin: 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 Coinbase International live order book, 20 min ago | 19.45 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 8.20 bp | 18.7 bp −$19 | 34.9 bp −$349 | 94.5 bp −$9,447 | 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 | −0.0013% | 1h | 1.8280 | +0.661% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8248 | +0.485% | $24K | $27K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8238 | +0.428% | $278K | $182K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8250 | +0.496% | $11.9M | $43.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8245 | +0.468% | $12.0M | $11.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8260 | +0.551% | $3.2M | $7.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8252 | +0.507% | $520K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8240 | +0.441% | $11.0M | $11.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8250 | +0.496% | $4.9M | $9.4M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8247 | +0.479% | $9.9M | $10.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8250 | +0.496% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8292 | +0.729% | $260K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8255 | +0.523% | $38K | $247K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8250 | +0.496% | $1.8M | $3.7M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8243 | +0.455% | $25K | $248K | 10x | as long as short |
| Phoenix RENDER | +0.0265% | 1h | 1.8198 | +0.209% | $47K | $309K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8280 | +0.661% | $602K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0389% / S −0.1052% | 1h | 1.8239 | +0.435% | $17K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0420% | 1h | 1.8264 | +0.572% | $430K | $1.3M | 50x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0624% | 1h | 1.8160 | long leg | $149K | $51K | 50x | |
| Hyperliquid RENDER | +0.0635% | 1h | 1.8277 | +0.644% | $4.1M | $3.2M | 5x | as long as short |
| dYdX RENDER-USD | +0.0773% | 1h | 1.8256 | +0.531% | $27K | $20K | 5x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER
dYdX RENDER-USD