Funding you earn now, next payment 22:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.047%
Price spread now: BingX against Coinbase International−0.163%7-day average −0.311% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1631.626% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.163%, 7d avg −0.311%
=The price spread pays, funding is against you. BingX is 0.148% dearer against Coinbase International than usual: you sell high and buy low (spread −0.163% now, against its 7-day average of −0.311%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8440 | 0.0352 | pay 0.0044% / 1h | 12m 55s | $152K | $66K | 50x |
| Short | BingX RENDER-USDT | 1.8410 | 0.0100 | get 0.0050% / 4h | 1h 12m | — | $4.2M | — |
Coinbase International RENDER-PERP-INTX
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- −$52.92
- Price spread: −0.163% → −0.311%
- $14.82
- Slippage, 4 orders
- −$142.65
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$200.75
- Costs to cover
- 1.626%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; BingX: live order book, 2 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 Coinbase International live order book, 5 min ago | 16.27 bp | 72.8 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 2.71 bp | 15.3 bp −$15 | 24.3 bp −$243 | 57.4 bp −$5,738 | 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 | −0.0576% | 1h | 1.8450 | +0.054% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0268% | 4h | 1.8418 | −0.121% | $223K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8446 | +0.035% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8405 | −0.190% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8422 | −0.096% | $266K | $175K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8414 | −0.139% | $12.2M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8393 | −0.255% | $11.9M | $13.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | −0.108% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8398 | −0.228% | $532K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8410 | −0.163% | $12.1M | $10.7M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8400 | −0.217% | $5.0M | $12.6M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8409 | −0.168% | $9.9M | $10.3M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8410 | −0.163% | — | $4.2M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8439 | −0.005% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.163% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8408 | −0.172% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8477 | +0.201% | $47K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8430 | −0.054% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0352% | 1h | 1.8440 | long leg | $152K | $66K | 50x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8400 | −0.216% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0580% | 1h | 1.8431 | −0.050% | $478K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0699% | 1h | 1.8453 | +0.070% | $4.2M | $3.5M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER