Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%
Price spread now: ApeX Omni against BloFin−0.116%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.116%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.108% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8160 | 0.0340 | pay 0.0170% / 4h | 3h 01m | $563K | $1.1M | 90x |
| Short | ApeX Omni RENDERUSDT | 1.8139 | 0.0100 | get 0.0013% / 1h | 1m 51s | $40K | $250K | 50x |
BloFin RENDER-USDT
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. 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: −0.116% → −0.008%
- −$10.8
- Slippage, 4 orders
- −$36.81
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$120.01
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from BloFin: live order book, just now; ApeX Omni: live order book, 50 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 BloFin live order book, just now | 2.76 bp | 13.6 bp −$14 | 25.4 bp −$254 | 81.8 bp −$8,178 | doesn't fit |
| Sell ApeX Omni live order book, 50 min ago | 10.27 bp | 18.9 bp −$19 | 129.3 bp −$1,293 | 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 | −0.0572% | 1h | 1.8130 | −0.165% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8110 | −0.275% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8145 | −0.082% | $266K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8130 | −0.165% | $11.8M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8116 | −0.242% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8140 | −0.110% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8111 | −0.270% | $529K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8120 | −0.220% | $12.2M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8120 | −0.220% | $4.8M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8130 | −0.165% | $9.9M | $10.7M | 50x | as long as short |
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 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 | 1.8120 | −0.220% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8152 | −0.045% | $258K | $313K | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8139 | −0.116% | $40K | $250K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8120 | −0.220% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8114 | −0.254% | $26K | $192K | 10x | as long as short |
| dYdX RENDER-USD | +0.0156% | 1h | 1.8109 | −0.282% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8186 | +0.143% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8160 | long leg | $563K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8103 | −0.315% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0577% | 1h | 1.8131 | −0.160% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8150 | −0.055% | $151K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1057% | 1h | 1.8137 | −0.126% | $489K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
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