Funding you earn now, next payment 22:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.021%
Price spread now: Kraken Futures against BloFin+0.200%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.200%, 7d avg +0.063%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.136% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.063%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.8% 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 | BloFin RENDER-USDT | 1.8600 | 0.0340 | pay 0.0170% / 4h | 2h 51m | $596K | $1.4M | 90x |
| Short | Kraken Futures PF_RENDERUSD | 1.8637 | 0.0746 | get 0.0093% / 1h | 51m 16s | $487K | $1.1M | 50x |
BloFin RENDER-USDT
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $85.28
- Price spread: +0.200% → +0.063%
- $13.65
- Slippage, 4 orders
- −$44.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $32.61
- Costs to cover
- 0.663%
- Break-even
- 4.3 days
Slippage from BloFin: live order book, 1 min ago; Kraken Futures: 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 BloFin live order book, 1 min ago | 8.07 bp | 14.1 bp −$14 | 16.7 bp −$167 | 93.1 bp −$9,311 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 13.95 bp | 19.2 bp −$19 | 51.8 bp −$518 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0440% | 1h | 1.8530 | −0.376% | $6K | $92K | 12x | as long as short |
| Variational Omni RENDER | −0.0181% | 4h | 1.8545 | −0.296% | $223K | $255K | — | as long as short |
| Bybit RENDERUSDT | −0.0157% | 4h | 1.8590 | −0.054% | $12.1M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0019% | 1h | 1.8615 | +0.081% | $11K | $33K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8598 | −0.011% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8611 | +0.059% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.054% | $12.3M | $49.3M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | +0.054% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8586 | −0.075% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | +0.054% | $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
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
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 | 1.8590 | −0.054% | $5.1M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8602 | +0.011% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8600 | 0.000% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8624 | +0.129% | $44K | $259K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8580 | −0.108% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8608 | +0.044% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8607 | +0.038% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8600 | long leg | $596K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0340% / S −0.0785% | 1h | 1.8614 | +0.077% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.161% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0746% | 1h | 1.8637 | +0.200% | $487K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.1066% | 1h | 1.8646 | +0.246% | $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
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER