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 Bitget−0.082%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days+0.465%+$46 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.082%, 7d avg +0.001%
=Funding pays, the price is against you. BloFin is 0.083% cheaper against Bitget than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.001%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RENDERUSDT | 1.8265 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $9.9M | $10.6M | 50x |
| Short | BloFin RENDER-USDT | 1.8250 | 0.0340 | get 0.0170% / 4h | 3h 12m | $563K | $1.1M | 90x |
Bitget RENDERUSDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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: −0.082% → +0.001%
- −$8.33
- Slippage, 4 orders
- −$51.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.38
- Costs to cover
- 0.754%
- Break-even
- 11.6 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 10 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 Bitget live order book, 1 min ago | 2.74 bp | 16.7 bp −$17 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 2.75 bp | 20.8 bp −$21 | 33.2 bp −$332 | 85.8 bp −$8,580 | 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 | −0.0572% | 1h | 1.8280 | +0.082% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8259 | −0.033% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8251 | −0.076% | $267K | $156K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8238 | −0.146% | $11.9M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8234 | −0.170% | $11.7M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8260 | −0.027% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8251 | −0.077% | $534K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8250 | −0.082% | $12.4M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8270 | +0.027% | $4.9M | $11.2M | 50x | as long as short |
| Bitget RENDERUSDTlong | +0.0100% | 4h | 1.8265 | long leg | $9.9M | $10.6M | 50x |
Injective RENDER/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8260 | −0.027% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8262 | −0.017% | $260K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8290 | +0.137% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8260 | −0.027% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8245 | −0.107% | $26K | $201K | 10x | as long as short |
| dYdX RENDER-USD | +0.0183% | 1h | 1.8242 | −0.126% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8300 | +0.192% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8250 | −0.082% | $563K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0372% / S −0.0956% | 1h | 1.8259 | −0.030% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0575% | 1h | 1.8281 | +0.088% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | +0.903% | $153K | $58K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1048% | 1h | 1.8287 | +0.121% | $493K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
dYdX RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD