Funding you earn now, next payment 20:00 UTC+0.0002%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against Gate−0.112%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1321.323% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.112%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.065% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RENDER_USDT | 1.7869 | 0.0098 | pay 0.0049% / 4h | 15m 44s | $519K | $1.1M | 50x |
| Short | Bybit RENDERUSDT | 1.7849 | 0.0100 | get 0.0050% / 4h | 15m 44s | $11.7M | $14.5M | 50x |
Gate RENDER_USDT
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $0.42
- Price spread: −0.112% → −0.047%
- −$6.46
- Slippage, 4 orders
- −$106.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.3
- Costs to cover
- 1.323%
- Break-even
- 2312.0 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 2 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 Gate live order book, 1 min ago | 6.16 bp | 44.0 bp −$44 | 147.1 bp −$1,471 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.61 bp | 16.5 bp −$16 | 46.1 bp −$461 | 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 | −0.0619% | 1h | 1.7870 | +0.006% | $5K | $91K | 12x | as long as short |
| Variational Omni RENDER | −0.0087% | 4h | 1.7826 | −0.243% | $214K | $255K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.7851 | −0.102% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.7877 | +0.045% | $10K | $127K | 25x | as long as short |
| Phoenix RENDER | +0.0089% | 1h | 1.7893 | +0.134% | $39K | $338K | 5x | as long as short |
| Gate RENDER_USDTlong | +0.0098% | 4h | 1.7869 | long leg | $519K | $1.1M | 50x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7893 | +0.133% | $257K | $176K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7872 | +0.015% | $11.7M | $48.1M | 75x | as long as short |
| Bybit RENDERUSDTshort | +0.0100% | 4h | 1.7849 | −0.112% | $11.7M | $14.5M | 50x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7880 | +0.062% | $3.1M | $8.3M | 20x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Phoenix RENDER
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7870 | +0.006% | $10.6M | $9.8M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.7870 | +0.006% | $4.5M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7872 | +0.017% | $9.4M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.7870 | +0.006% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7866 | −0.017% | $43K | $260K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7880 | +0.062% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7859 | −0.056% | $30K | $179K | 10x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0288% | 1h | 1.7899 | +0.168% | $458K | $1.1M | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0334% / S −0.0778% | 1h | 1.7879 | +0.056% | $13K | — | 100x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7880 | +0.062% | $578K | $1.2M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0464% | 1h | 1.7890 | +0.118% | $153K | $53K | 50x | as long as short |
| Hyperliquid RENDER | +0.1047% | 1h | 1.7896 | +0.151% | $3.9M | $4.1M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Kraken Futures PF_RENDERUSD
GMX RENDER/USD [ETH-USDC]
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER