Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against MEXC+0.331%49s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.331%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.279% dearer against MEXC than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC RENDER_USDT | 1.8100 | 0.0100 | pay 0.0050% / 4h | 3h 02m | $12.3M | $11.3M | 200x |
| Short | BloFin RENDER-USDT | 1.8160 | 0.0340 | get 0.0170% / 4h | 3h 02m | $563K | $1.1M | 90x |
MEXC RENDER_USDT
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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: +0.331% → +0.053%
- $27.86
- Slippage, 4 orders
- −$20.89
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $45.37
- Costs to cover
- 0.329%
- Break-even
- 0.7 days
Slippage from MEXC: live order book, 1 min ago; BloFin: 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 MEXC live order book, 1 min ago | 2.75 bp | 2.8 bp −$3 | 8.8 bp −$88 | 46.2 bp −$4,621 | 219.9 bp −$109.9K |
| Sell BloFin live order book, 5 min ago | 2.75 bp | 13.5 bp −$13 | 14.6 bp −$146 | 67.4 bp −$6,736 | 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 | −0.0572% | 1h | 1.8130 | +0.166% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8148 | +0.265% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8131 | +0.169% | $266K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8108 | +0.043% | $11.8M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8109 | +0.050% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8130 | +0.166% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8111 | +0.061% | $529K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDTlong | +0.0100% | 4h | 1.8100 | long leg | $12.3M | $11.3M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8120 | +0.110% | $4.8M | $11.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8129 | +0.160% | $9.9M | $10.7M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
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 | 1.8110 | +0.055% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8152 | +0.286% | $258K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8139 | +0.215% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8130 | +0.166% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8105 | +0.028% | $26K | $192K | 10x | as long as short |
| dYdX RENDER-USD | +0.0156% | 1h | 1.8109 | +0.048% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8186 | +0.475% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8160 | +0.331% | $563K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0371% / S −0.0956% | 1h | 1.8103 | +0.016% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0577% | 1h | 1.8140 | +0.221% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8150 | +0.276% | $151K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1054% | 1h | 1.8177 | +0.424% | $490K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
dYdX RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD