Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: MEXC against BloFin−0.481%49s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as 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−$320.315% of the position
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 3 days (all we have)+0.642%+$64 · spread now −0.481%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.448% cheaper against BloFin than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 49 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 | 1.8700 | 0.0340 | pay 0.0170% / 4h | 2h 20m | $602K | $1.4M | 90x |
| Short | MEXC RENDER_USDT | 1.8610 | 0.0100 | get 0.0050% / 4h | 2h 20m | $12.1M | $10.3M | 200x |
BloFin RENDER-USDT
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.481% → −0.034%
- −$44.75
- Slippage, 4 orders
- −$19.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$126.66
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; MEXC: 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 BloFin live order book, 2 min ago | 5.33 bp | 14.9 bp −$15 | 27.6 bp −$276 | 50.4 bp −$5,041 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.66 bp | 2.7 bp −$3 | 9.2 bp −$92 | 31.4 bp −$3,144 | 172.9 bp −$86.4K |
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 | 1.8670 | −0.160% | $6K | $141K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0285% | 1h | 1.8668 | −0.171% | $11K | $30K | 25x | as long as short |
| Variational Omni RENDER | −0.0275% | 4h | 1.8749 | +0.264% | $238K | $271K | — | as long as short |
| Bybit RENDERUSDT | −0.0082% | 4h | 1.8580 | −0.642% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8619 | −0.434% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8605 | −0.506% | $266K | $196K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8615 | −0.455% | $12.5M | $49.2M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8620 | −0.428% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8607 | −0.497% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8610 | −0.481% | $12.1M | $10.3M | 200x |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate 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 | −0.481% | $5.1M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8614 | −0.460% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8610 | −0.481% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8782 | +0.439% | $45K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | −0.214% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8617 | −0.443% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8801 | +0.540% | $41K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8700 | long leg | $602K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8616 | −0.449% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8750 | +0.267% | $155K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0743% | 1h | 1.8703 | +0.018% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0840% | 1h | 1.8660 | −0.214% | $4.3M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER