Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget−0.054%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$720.721% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now −0.054%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RENDERUSDT | 1.8630 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $10.0M | $10.4M | 50x |
| Short | OKX RENDER-USDT-SWAP | 1.8620 | 0.0100 | get 0.0050% / 4h | 2h 45m | $3.2M | $8.8M | 20x |
Bitget RENDERUSDT
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.054% → −0.020%
- −$3.42
- Slippage, 4 orders
- −$50.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.54
- Costs to cover
- 0.721%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 3.77 bp | 18.6 bp −$19 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.69 bp | 20.1 bp −$20 | 52.6 bp −$526 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0440% | 1h | 1.8530 | −0.537% | $6K | $92K | 12x | as long as short |
| Bybit RENDERUSDT | −0.0256% | 4h | 1.8593 | −0.199% | $12.1M | $14.6M | 50x | as long as short |
| Variational Omni RENDER | −0.0246% | 4h | 1.8580 | −0.268% | $223K | $255K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0072% | 1h | 1.8621 | −0.048% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8618 | −0.064% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8624 | −0.033% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8632 | +0.013% | $12.4M | $49.2M | 75x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8620 | −0.054% | $3.2M | $8.8M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8602 | −0.150% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8630 | 0.000% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Bybit RENDERUSDT
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8610 | −0.107% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDTlong | +0.0100% | 4h | 1.8630 | long leg | $10.0M | $10.4M | 50x | |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8620 | −0.054% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8606 | −0.129% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8590 | −0.215% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8618 | −0.062% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8615 | −0.081% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8570 | −0.322% | $600K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0340% / S −0.0785% | 1h | 1.8620 | −0.054% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.322% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0745% | 1h | 1.8652 | +0.121% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1142% | 1h | 1.8657 | +0.145% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER