Funding you earn now, next payment 02:00 UTC+0.0568%/8h= +62.1% APRnext payment +$0.71 per $10,000 · paid last 24h +0.110%
Price spread now: Kraken Futures against ApeX Omni+0.014%7-day average +0.060% · 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−$76as in the Price arb table
costs, in and out, $10k−$720.717% of the position
Funding, last 7 days+0.561%+$56 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.014%, 7d avg +0.060%
=Funding pays, the price is against you. Kraken Futures is 0.046% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.060%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.561% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni RENDERUSDT | 1.8436 | 0.0100 | pay 0.0013% / 1h | 8m 29s | $46K | $252K | 50x |
| Short | Kraken Futures PF_RENDERUSD | 1.8439 | 0.0668 | get 0.0083% / 1h | 8m 29s | $488K | $1.1M | 50x |
ApeX Omni RENDERUSDT
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $119.18
- Price spread: +0.014% → +0.060%
- −$4.56
- Slippage, 4 orders
- −$51.75
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $42.88
- Costs to cover
- 0.717%
- Break-even
- 4.5 days
Slippage from ApeX Omni: live order book, 59 min ago; Kraken Futures: 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 ApeX Omni live order book, 59 min ago | 8.33 bp | 15.7 bp −$16 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 7.32 bp | 14.3 bp −$14 | 42.6 bp −$426 | doesn't fit | doesn't fit |
RENDER on 21 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 | −0.0344% | 1h | 1.8410 | −0.141% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8416 | −0.107% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8415 | −0.114% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8450 | +0.076% | $266K | $141K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8456 | +0.109% | $12.2M | $45.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8440 | +0.022% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8470 | +0.184% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8435 | −0.005% | $567K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8440 | +0.022% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8440 | +0.022% | $4.9M | $12.0M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8453 | +0.092% | $9.9M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | +0.022% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8432 | −0.023% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDTlong | +0.0100% | 1h | 1.8436 | long leg | $46K | $252K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.141% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8435 | −0.003% | $26K | $198K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.456% | $151K | $58K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8447 | +0.060% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8410 | −0.142% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0668% | 1h | 1.8439 | +0.014% | $488K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0837% | 1h | 1.8456 | +0.108% | $4.2M | $3.2M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER