Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against MEXC−0.330%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.330%, 7d avg +0.053%
=Funding pays, the price is against you. BloFin is 0.383% cheaper against MEXC than usual: you would sell low and buy high (spread −0.330% now, against its 7-day average of +0.053%). If the spread goes back, that is −$38 on $10k: about 5.3 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RENDER_USDT | 1.8180 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $12.2M | $11.1M | 200x |
| Short | BloFin RENDER-USDT | 1.8120 | 0.0340 | get 0.0170% / 4h | 2h 52m | $562K | $1.2M | 90x |
MEXC RENDER_USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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: −0.330% → +0.053%
- −$38.29
- Slippage, 4 orders
- −$38.1
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.99
- Costs to cover
- 0.501%
- Break-even
- 12.3 days
Slippage from MEXC: live order book, 6 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 MEXC live order book, 6 min ago | 2.75 bp | 2.8 bp −$3 | 10.4 bp −$104 | 42.0 bp −$4,195 | 206.9 bp −$103.4K |
| Sell BloFin live order book, 5 min ago | 5.50 bp | 11.5 bp −$11 | 29.6 bp −$296 | 89.6 bp −$8,957 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8161 | −0.105% | $18K | $32K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8152 | −0.154% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8206 | +0.143% | $267K | $156K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8182 | +0.012% | $11.8M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8170 | −0.055% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8190 | +0.055% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8171 | −0.050% | $528K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8180 | long leg | $12.2M | $11.1M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8190 | +0.055% | $4.8M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8195 | +0.083% | $9.9M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate 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 | 1.8180 | 0.000% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8182 | +0.010% | $259K | $313K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8160 | −0.110% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8185 | +0.028% | $26K | $192K | 10x | as long as short |
| ApeX Omni RENDERUSDT | +0.0172% | 1h | 1.8215 | +0.193% | $40K | $250K | 50x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8140 | −0.220% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8154 | −0.143% | $47K | $334K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8120 | −0.330% | $562K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8147 | −0.182% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8150 | −0.165% | $151K | $57K | 50x | as long as short |
| Hyperliquid RENDER | +0.0664% | 1h | 1.8194 | +0.077% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1234% | 1h | 1.8170 | −0.053% | $490K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
ApeX Omni RENDERUSDT
Injective RENDER/USDC PERP
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD