Funding you earn now, next payment 05:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.068%
Price spread now: Coinbase International against MEXC0.000%7-day average +0.321% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1241.236% of the position
Funding, last 7 days+0.577%+$58 on $10k
+Price spread, last 4 days (all we have)+0.373%+$37 · spread now 0.000%, 7d avg +0.321%
=Funding pays, the price is against you. Coinbase International is 0.321% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.321%). If the spread goes back, that is −$32 on $10k: about 2.2 days of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RENDER_USDT | 1.8100 | 0.0100 | pay 0.0050% / 4h | 2h 14m | $10.8M | $11.3M | 200x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8100 | 0.0584 | get 0.0073% / 1h | 14m 27s | $150K | $60K | 50x |
MEXC RENDER_USDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $101.64
- Price spread: 0.000% → +0.321%
- −$32.13
- Slippage, 4 orders
- −$113.64
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$54.13
- Costs to cover
- 1.236%
- Break-even
- 10.7 days
Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 33 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, 4 min ago | 2.77 bp | 2.8 bp −$3 | 10.5 bp −$105 | 47.0 bp −$4,699 | 213.7 bp −$106.8K |
| Sell Coinbase International live order book, 33 min ago | 22.05 bp | 55.8 bp −$56 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8064 | −0.199% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0011% | 1h | 1.8106 | +0.036% | $18K | $22K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8096 | −0.020% | $277K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8104 | +0.021% | $11.8M | $47.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8100 | 0.000% | $11.8M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8120 | +0.110% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8092 | −0.044% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8100 | long leg | $10.8M | $11.3M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8120 | +0.110% | $4.8M | $10.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8122 | +0.122% | $9.8M | $10.8M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
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 | 1.8110 | +0.055% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8032 | −0.376% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8063 | −0.204% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8060 | −0.221% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8098 | −0.013% | $26K | $191K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8030 | −0.387% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8067 | −0.182% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8050 | −0.276% | $600K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.8052 | −0.263% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0584% | 1h | 1.8100 | 0.000% | $150K | $60K | 50x | |
| Hyperliquid RENDER | +0.0628% | 1h | 1.8135 | +0.193% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1240% | 1h | 1.8083 | −0.091% | $422K | $1.3M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD