Funding you earn now, next payment 02:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.049%
Price spread now: MEXC against Coinbase International−0.212%7-day average −0.320% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.212%, 7d avg −0.320%
=The price spread pays, funding is against you. MEXC is 0.108% dearer against Coinbase International than usual: you sell high and buy low (spread −0.212% now, against its 7-day average of −0.320%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RENDER-PERP-INTX | 1.8880 | 0.0456 | pay 0.0057% / 1h | 39m 18s | $153K | $53K | 50x |
| Short | MEXC RENDER_USDT | 1.8840 | 0.0100 | get 0.0050% / 4h | 1h 39m | $11.3M | $10.7M | 200x |
Coinbase International RENDER-PERP-INTX
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$74.76
- Price spread: −0.212% → −0.320%
- $10.81
- Slippage, 4 orders
- −$144.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$218.88
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 23 min ago; MEXC: live order book, 9 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, 23 min ago | 16.22 bp | 73.3 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 2.68 bp | 2.7 bp −$3 | 10.2 bp −$102 | 60.6 bp −$6,059 | 205.8 bp −$102.9K |
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 | −0.073% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8845 | −0.185% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8810 | −0.371% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8854 | −0.137% | $12.5M | $45.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8849 | −0.164% | $12.1M | $12.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8860 | −0.106% | $3.2M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8855 | −0.132% | $585K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8840 | −0.212% | $11.3M | $10.7M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8860 | −0.106% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8847 | −0.175% | $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
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 | −0.159% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8796 | −0.443% | $232K | $276K | — | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8840 | −0.212% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8839 | −0.217% | $28K | $203K | 10x | as long as short |
| Aster RENDERUSDT | +0.0112% | 4h | 1.8899 | +0.103% | $273K | $139K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8821 | −0.312% | $48K | $246K | 5x | as long as short |
| ApeX Omni RENDERUSDT | +0.0276% | 1h | 1.8799 | −0.429% | $47K | $252K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8860 | −0.106% | $585K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8839 | −0.216% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTXlong | +0.0456% | 1h | 1.8880 | long leg | $153K | $53K | 50x | |
| Hyperliquid RENDER | +0.0947% | 1h | 1.8901 | +0.112% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1417% | 1h | 1.8873 | −0.036% | $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
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD