Funding you earn now, next payment 00:00 UTC+0.0264%/8h= +28.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.008%
Price spread now: KuCoin against Bybit+0.107%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.107%, 7d avg +0.117%
=The price spread sits at its 7-day average of +0.117%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 per $10,000. 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 | Bybit RENDERUSDT | 1.8650 | −0.0164 | get 0.0082% / 4h | 2h 40m | $12.2M | $14.6M | 50x |
| Short | KuCoin RENDERUSDTM | 1.8670 | 0.0100 | get 0.0050% / 4h | 2h 40m | $5.2M | $13.0M | 50x |
Bybit RENDERUSDT
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- $55.35
- Price spread: +0.107% → +0.117%
- −$1
- Slippage, 4 orders
- −$66.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$34.77
- Costs to cover
- 0.891%
- Break-even
- 11.4 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: 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 Bybit live order book, 3 min ago | 2.69 bp | 16.0 bp −$16 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 5.37 bp | 21.1 bp −$21 | 63.6 bp −$636 | 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 | 1.8620 | −0.161% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.187% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDTlong | −0.0164% | 4h | 1.8650 | long leg | $12.2M | $14.6M | 50x | |
| Deribit RENDER_USDC-PERPETUAL | −0.0072% | 1h | 1.8655 | +0.027% | $11K | $32K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8639 | −0.059% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8667 | +0.090% | $271K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8673 | +0.123% | $12.4M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | +0.161% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8654 | +0.021% | $546K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8670 | +0.107% | $12.1M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
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 RENDERUSDTMshort | +0.0100% | 4h | 1.8670 | +0.107% | $5.2M | $13.0M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8678 | +0.150% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8670 | +0.107% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8618 | −0.172% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8660 | +0.054% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8670 | +0.109% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8635 | −0.080% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8640 | −0.054% | $604K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8655 | +0.026% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8570 | −0.429% | $153K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8685 | +0.185% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0970% | 1h | 1.8704 | +0.290% | $4.3M | $4.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER