Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against KuCoin+0.217%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 3 days (all we have)−0.442%−$44 · spread now +0.217%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.233% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8420 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $5.0M | $12.9M | 50x |
| Short | BloFin RENDER-USDT | 1.8460 | 0.0340 | get 0.0170% / 4h | 2h 05m | $600K | $1.4M | 90x |
KuCoin RENDERUSDTM
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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: +0.217% → −0.016%
- $23.32
- Slippage, 4 orders
- −$45.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.75
- Costs to cover
- 0.700%
- Break-even
- 6.5 days
Slippage from KuCoin: live order book, 3 min ago; BloFin: 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 KuCoin live order book, 3 min ago | 2.70 bp | 30.0 bp −$30 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.70 bp | 8.7 bp −$9 | 19.2 bp −$192 | 72.0 bp −$7,196 | 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 | 1.8510 | +0.489% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0393% | 4h | 1.8434 | +0.077% | $221K | $295K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0238% | 1h | 1.8428 | +0.043% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8449 | +0.158% | $19K | $21K | 5x | as long as short |
| Bybit RENDERUSDT | +0.0022% | 4h | 1.8410 | −0.054% | $12.0M | $14.4M | 50x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8444 | +0.133% | $264K | $185K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8437 | +0.094% | $12.3M | $48.6M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8440 | +0.109% | $3.1M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8427 | +0.038% | $539K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | +0.054% | $11.5M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Bybit RENDERUSDT
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 RENDERUSDTMlong | +0.0100% | 4h | 1.8420 | long leg | $5.0M | $12.9M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8432 | +0.065% | $9.8M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8420 | 0.000% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8521 | +0.548% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8430 | +0.054% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8425 | +0.029% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8549 | +0.700% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8460 | +0.217% | $600K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8432 | +0.067% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8670 | +1.357% | $154K | $69K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0753% | 1h | 1.8460 | +0.217% | $477K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0796% | 1h | 1.8461 | +0.223% | $4.2M | $3.7M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER