Funding you earn now, next payment 21:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.039%
Price spread now: Gate against Coinbase International−0.054%7-day average −0.314% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$2202.196% of the position
Funding, last 7 days−0.613%−$61 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.054%, 7d avg −0.314%
=The price spread pays, funding is against you. Gate is 0.260% dearer against Coinbase International than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.314%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8570 | 0.0520 | pay 0.0065% / 1h | 57m 03s | $154K | $64K | 50x |
| Short | Gate RENDER_USDT | 1.8560 | 0.0100 | get 0.0050% / 4h | 2h 57m | $539K | $1.1M | 50x |
Coinbase International RENDER-PERP-INTX
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$88.2
- Price spread: −0.054% → −0.314%
- $25.97
- Slippage, 4 orders
- −$194.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$281.84
- Costs to cover
- 2.196%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 30 min ago; Gate: live order book, 5 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, 30 min ago | 10.85 bp | 69.4 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 7.84 bp | 34.0 bp −$34 | 149.4 bp −$1,494 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0440% | 1h | 1.8540 | −0.162% | $6K | $92K | 12x | as long as short |
| Variational Omni RENDER | −0.0183% | 4h | 1.8505 | −0.349% | $222K | $255K | — | as long as short |
| Bybit RENDERUSDT | −0.0040% | 4h | 1.8540 | −0.162% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8560 | −0.054% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8565 | −0.027% | $11K | $34K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8562 | −0.044% | $270K | $191K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8569 | −0.004% | $12.3M | $49.4M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8560 | −0.054% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8560 | −0.054% | $539K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8560 | −0.054% | $12.2M | $10.0M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8550 | −0.108% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8570 | 0.000% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8560 | −0.054% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8504 | −0.355% | $44K | $260K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8550 | −0.108% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8567 | −0.016% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0220% | 1h | 1.8516 | −0.291% | $40K | $319K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0340% / S −0.0785% | 1h | 1.8565 | −0.024% | $14K | — | 100x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8530 | −0.215% | $598K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0520% | 1h | 1.8570 | long leg | $154K | $64K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.0748% | 1h | 1.8587 | +0.093% | $487K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1164% | 1h | 1.8612 | +0.226% | $4.3M | $4.3M | 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]
BloFin RENDER-USDT
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER