Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against BloFin−0.539%81s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as 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−$530.529% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 4 days (all we have)+0.667%+$67 · spread now −0.539%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.492% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.048%). Swap the legs. The two prices were read 81 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 | BloFin RENDER-USDT | 1.8550 | 0.0340 | pay 0.0170% / 4h | 49m 52s | $586K | $1.1M | 90x |
| Short | BingX RENDER-USDT | 1.8450 | 0.0100 | get 0.0050% / 4h | 49m 52s | — | $3.6M | — |
BloFin RENDER-USDT
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.539% → −0.048%
- −$49.15
- Slippage, 4 orders
- −$30.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$152.47
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 15 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, 2 min ago | 2.69 bp | 17.3 bp −$17 | 25.6 bp −$256 | 91.3 bp −$9,132 | doesn't fit |
| Sell BingX live order book, 15 min ago | 5.34 bp | 12.6 bp −$13 | 19.7 bp −$197 | 60.5 bp −$6,048 | 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 | −0.0223% | 1h | 1.8640 | +0.485% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8487 | −0.340% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8492 | −0.313% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8457 | −0.499% | $12.3M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8440 | −0.593% | $11.8M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8460 | −0.485% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8445 | −0.566% | $549K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8450 | −0.539% | $12.8M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8470 | −0.431% | $5.0M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8461 | −0.480% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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-USDTshort | +0.0100% | 4h | 1.8450 | −0.539% | — | $3.6M | — | |
| Variational Omni RENDER | +0.0100% | 4h | 1.8492 | −0.314% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8596 | +0.248% | $41K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8490 | −0.323% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8447 | −0.554% | $26K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8680 | +0.701% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0327% | 4h | 1.8478 | −0.388% | $267K | $147K | 20x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8550 | long leg | $586K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8489 | −0.331% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0587% | 1h | 1.8499 | −0.277% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8450 | −0.539% | $151K | $56K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1270% | 1h | 1.8509 | −0.222% | $481K | $1.1M | 50x | as long as short |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD