Funding you earn now, next payment 05:00 UTC−0.0484%/8h= −53.0% APRpaid last 24h −0.068%
Price spread now: Bitget against Coinbase International−0.579%7-day average −0.269% · 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−$185as in the Price arb table
costs, in and out, $10k−$1541.538% of the position
Funding, last 7 days−0.551%−$55 on $10k
+Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.579%, 7d avg −0.269%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bitget is 0.310% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.269%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8150 | 0.0584 | pay 0.0073% / 1h | 42m 55s | $151K | $57K | 50x |
| Short | Bitget RENDERUSDT | 1.8045 | 0.0100 | get 0.0050% / 4h | 2h 42m | $9.8M | $10.6M | 50x |
Coinbase International RENDER-PERP-INTX
Bitget RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$101.64
- Price spread: −0.579% → −0.269%
- −$30.97
- Slippage, 4 orders
- −$131.83
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$286.44
- Costs to cover
- 1.538%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bitget: live order book, 1 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 | 22.05 bp | 62.3 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.22 bp | 16.9 bp −$17 | 24.6 bp −$246 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8039 | −0.612% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0021% | 1h | 1.8067 | −0.458% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8076 | −0.410% | $265K | $156K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8070 | −0.441% | $11.8M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8059 | −0.501% | $11.6M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8080 | −0.386% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8058 | −0.507% | $523K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8050 | −0.551% | $12.0M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8050 | −0.551% | $4.8M | $11.0M | 50x | as long as short |
| Bitget RENDERUSDTshort | +0.0100% | 4h | 1.8045 | −0.579% | $9.8M | $10.6M | 50x |
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8060 | −0.496% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8082 | −0.376% | $257K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8095 | −0.303% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8050 | −0.551% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8043 | −0.592% | $26K | $190K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8080 | −0.386% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8129 | −0.116% | $47K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8080 | −0.386% | $560K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0370% / S −0.0956% | 1h | 1.8045 | −0.580% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0584% | 1h | 1.8150 | long leg | $151K | $57K | 50x | |
| Hyperliquid RENDER | +0.0630% | 1h | 1.8065 | −0.468% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1242% | 1h | 1.8058 | −0.508% | $481K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD