Funding you earn now, next payment 06:00 UTC+0.1133%/8h= +124.1% APRpaid last 24h +0.139%
Price spread now: Kraken Futures against BingX+0.174%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days+0.569%+$57 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.174%, 7d avg +0.103%
=Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Kraken Futures is 0.071% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.103%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.569% in total (about 29.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RENDER-USDT | 1.8150 | 0.0100 | pay 0.0050% / 4h | 2h 00m | — | $5.2M | — |
| Short | Kraken Futures PF_RENDERUSD | 1.8181 | 0.1233 | get 0.0154% / 1h | 0m 35s | $424K | $1.3M | 50x |
BingX RENDER-USDT
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $238
- Price spread: +0.174% → +0.103%
- $7.1
- Slippage, 4 orders
- −$48.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $176.4
- Costs to cover
- 0.687%
- Break-even
- 1.8 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 3 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 BingX live order book, 4 min ago | 2.76 bp | 11.9 bp −$12 | 18.7 bp −$187 | 63.2 bp −$6,323 | 855.4 bp −$427.7K |
| Sell Kraken Futures live order book, 3 min ago | 9.93 bp | 15.0 bp −$15 | 40.2 bp −$402 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | +0.0009% | 1h | 1.8155 | +0.025% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0025% | 1h | 1.8166 | +0.088% | $18K | $37K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8178 | +0.153% | $278K | $177K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8140 | −0.055% | $11.8M | $47.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8130 | −0.110% | $11.8M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8160 | +0.055% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8146 | −0.022% | $521K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8140 | −0.055% | $11.2M | $11.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8150 | 0.000% | $4.8M | $10.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8150 | 0.000% | $9.9M | $10.9M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC 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-USDTlong | +0.0100% | 4h | 1.8150 | long leg | — | $5.2M | — | |
| Variational Omni RENDER | +0.0100% | 4h | 1.8152 | +0.009% | $257K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8139 | −0.061% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8160 | +0.055% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8143 | −0.041% | $26K | $195K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.7950 | −1.102% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8164 | +0.077% | $47K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8170 | +0.110% | $605K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8149 | −0.007% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8160 | +0.055% | $150K | $62K | 50x | as long as short |
| Hyperliquid RENDER | +0.0649% | 1h | 1.8166 | +0.088% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.1233% | 1h | 1.8181 | +0.174% | $424K | $1.3M | 50x |
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER