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 BingX+0.053%96s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.053%, 7d avg +0.037%
=The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RENDER-USDT | 1.8700 | 0.0100 | pay 0.0050% / 4h | 5m 35s | — | $4.1M | — |
| Short | BloFin RENDER-USDT | 1.8710 | 0.0340 | get 0.0170% / 4h | 5m 35s | $594K | $1.3M | 90x |
BingX RENDER-USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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: +0.053% → +0.037%
- $1.63
- Slippage, 4 orders
- −$31.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1.47
- Costs to cover
- 0.535%
- Break-even
- 7.2 days
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 2.67 bp | 10.5 bp −$10 | 17.8 bp −$178 | 53.2 bp −$5,317 | 628.9 bp −$314.5K |
| Sell BloFin live order book, 2 min ago | 5.35 bp | 21.6 bp −$22 | 32.2 bp −$322 | 81.9 bp −$8,186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0075% | 4h | 1.8632 | −0.361% | $229K | $293K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8707 | +0.038% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8665 | −0.187% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8717 | +0.092% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8707 | +0.039% | $12.5M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8690 | −0.053% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8710 | +0.053% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8701 | +0.005% | $539K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8710 | +0.053% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8690 | −0.053% | $5.2M | $12.2M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8707 | +0.037% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDTlong | +0.0100% | 4h | 1.8700 | long leg | — | $4.1M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8713 | +0.070% | $44K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8690 | −0.053% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8703 | +0.018% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8670 | −0.160% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8720 | +0.107% | $48K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8650 | −0.267% | $154K | $64K | 50x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8710 | +0.053% | $594K | $1.3M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8662 | −0.206% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0592% | 1h | 1.8718 | +0.096% | $480K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1379% | 1h | 1.8755 | +0.294% | $4.4M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER