Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.023%
Price spread now: Coinbase International against BloFin+0.106%7-day average +0.278% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1861.864% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.106%, 7d avg +0.278%
=Funding pays, the price is against you. Coinbase International is 0.172% cheaper against BloFin than usual: you would sell low and buy high (spread +0.106% now, against its 7-day average of +0.278%). If the spread goes back, that is −$17 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.081% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.8860 | 0.0340 | pay 0.0170% / 4h | 1h 39m | $585K | $1.1M | 90x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8880 | 0.0456 | get 0.0057% / 1h | 39m 21s | $153K | $53K | 50x |
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $24.36
- Price spread: +0.106% → +0.278%
- −$17.16
- Slippage, 4 orders
- −$164.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$179.15
- Costs to cover
- 1.864%
- Break-even
- 58.5 days
Slippage from BloFin: live order book, 3 min ago; Coinbase International: live order book, 23 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, 3 min ago | 5.32 bp | 25.5 bp −$25 | 28.9 bp −$289 | 84.4 bp −$8,438 | doesn't fit |
| Sell Coinbase International live order book, 23 min ago | 16.22 bp | 76.3 bp −$76 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8866 | +0.033% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8845 | −0.080% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8810 | −0.265% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8854 | −0.031% | $12.5M | $45.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8849 | −0.058% | $12.1M | $12.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8860 | 0.000% | $3.2M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8855 | −0.027% | $585K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8840 | −0.106% | $11.3M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8860 | 0.000% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8847 | −0.069% | $10.2M | $10.3M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
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 | 1.8850 | −0.053% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8796 | −0.338% | $232K | $276K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8840 | −0.106% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8839 | −0.112% | $28K | $203K | 10x | as long as short |
| Aster RENDERUSDT | +0.0112% | 4h | 1.8899 | +0.209% | $273K | $139K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8821 | −0.207% | $48K | $246K | 5x | as long as short |
| ApeX Omni RENDERUSDT | +0.0276% | 1h | 1.8799 | −0.323% | $47K | $252K | 50x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8860 | long leg | $585K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8839 | −0.111% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0456% | 1h | 1.8880 | +0.106% | $153K | $53K | 50x | |
| Hyperliquid RENDER | +0.0947% | 1h | 1.8901 | +0.218% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1417% | 1h | 1.8873 | +0.070% | $492K | $1.0M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
ApeX Omni RENDERUSDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD