Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Gate−0.141%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 7 days+0.535%+$54 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.141%, 7d avg +0.051%
=Funding pays, the price is against you. BloFin is 0.192% cheaper against Gate than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.051%). If the spread goes back, that is −$19 on $10k: about 2.7 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RENDER_USDT | 1.8456 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $537K | $1.1M | 50x |
| Short | BloFin RENDER-USDT | 1.8430 | 0.0340 | get 0.0170% / 4h | 1h 53m | $595K | $1.3M | 90x |
Gate RENDER_USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.141% → +0.051%
- −$19.16
- Slippage, 4 orders
- −$93.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.16
- Costs to cover
- 1.204%
- Break-even
- 19.4 days
Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago | 6.50 bp | 42.0 bp −$42 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.44 bp | 11.4 bp −$11 | 24.2 bp −$242 | 74.2 bp −$7,421 | 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 | −0.033% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0355% | 4h | 1.8443 | −0.068% | $222K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8467 | +0.057% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8408 | −0.260% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8480 | +0.130% | $264K | $181K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8419 | −0.203% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8400 | −0.303% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | −0.195% | $3.1M | $8.6M | 20x | as long as short |
| Gate RENDER_USDTlong | +0.0100% | 4h | 1.8456 | long leg | $537K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8420 | −0.195% | $11.6M | $10.2M | 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
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 | 1.8440 | −0.087% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8408 | −0.260% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8410 | −0.249% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8464 | +0.043% | $43K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.249% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8415 | −0.221% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8377 | −0.428% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8430 | −0.141% | $595K | $1.3M | 90x | |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.160% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8413 | −0.232% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0580% | 1h | 1.8432 | −0.131% | $468K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0833% | 1h | 1.8489 | +0.179% | $4.2M | $3.6M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER