Funding you earn now, next payment 22:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.056%
Price spread now: Bitget against Deribit−0.037%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 3 days (all we have)+0.474%+$47 · spread now −0.037%, 7d avg +0.026%
=Funding pays, the price is against you. Bitget is 0.064% cheaper against Deribit than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.026%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8691 | −0.0071 | get 0.0009% / 1h | 37m 19s | $11K | $30K | 25x |
| Short | Bitget RENDERUSDT | 1.8684 | 0.0100 | get 0.0050% / 4h | 2h 37m | $10.0M | $10.3M | 50x |
Deribit RENDER_USDC-PERPETUAL
Bitget RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- $35.89
- Price spread: −0.037% → +0.026%
- −$6.36
- Slippage, 4 orders
- −$38.76
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$28.24
- Costs to cover
- 0.578%
- Break-even
- 12.5 days
Slippage from Deribit: live order book, 71 min ago; Bitget: live order book, 1 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 Deribit live order book, 71 min ago | 5.51 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.01 bp | 17.1 bp −$17 | 26.9 bp −$269 | 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 | 1.8640 | −0.273% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.406% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0105% | 4h | 1.8660 | −0.166% | $12.2M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | −0.0071% | 1h | 1.8691 | long leg | $11K | $30K | 25x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8699 | +0.045% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8697 | +0.032% | $272K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8695 | +0.020% | $12.5M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8690 | −0.005% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8680 | −0.059% | $547K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8680 | −0.059% | $12.0M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
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 | 1.8680 | −0.059% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDTshort | +0.0100% | 4h | 1.8684 | −0.037% | $10.0M | $10.3M | 50x | |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8680 | −0.059% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8646 | −0.241% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8690 | −0.005% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8693 | +0.008% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8683 | −0.043% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8650 | −0.219% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8692 | +0.004% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.273% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0743% | 1h | 1.8718 | +0.144% | $490K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0910% | 1h | 1.8713 | +0.118% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER