Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.090%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1291.295% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.090%, 7d avg +0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RENDER_USDT | 1.8634 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $545K | $1.1M | 50x |
| Short | Binance RENDERUSDT | 1.8651 | 0.0100 | get 0.0050% / 4h | 2h 40m | $12.4M | $49.1M | 75x |
Gate RENDER_USDT
Binance RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $0
- Price spread: +0.090% → +0.051%
- $3.95
- Slippage, 4 orders
- −$104.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.51
- Costs to cover
- 1.295%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago | 7.27 bp | 63.5 bp −$64 | 218.3 bp −$2,183 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.69 bp | 12.3 bp −$12 | 24.5 bp −$245 | 150.1 bp −$15.0K | 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 | 1.8620 | −0.075% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.101% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0164% | 4h | 1.8630 | −0.021% | $12.2M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0072% | 1h | 1.8655 | +0.113% | $11K | $32K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8639 | +0.027% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8651 | +0.091% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDTshort | +0.0100% | 4h | 1.8651 | +0.090% | $12.4M | $49.1M | 75x | |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8650 | +0.086% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDTlong | +0.0100% | 4h | 1.8634 | long leg | $545K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8640 | +0.032% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster 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 | 1.8630 | −0.021% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8660 | +0.140% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8640 | +0.032% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | −0.086% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8620 | −0.075% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8658 | +0.130% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8635 | +0.005% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8640 | +0.032% | $604K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8655 | +0.112% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.343% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8685 | +0.271% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0975% | 1h | 1.8665 | +0.166% | $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
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER