Funding you earn now, next payment 02:00 UTC+0.0698%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.165%
Price spread now: Kraken Futures against Deribit+0.090%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.924%+$92 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.090% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8253 | −0.0024 | get 0.0003% / 1h | 55m 22s | $10K | $30K | 25x |
| Short | Kraken Futures PF_RENDERUSD | 1.8269 | 0.0674 | get 0.0084% / 1h | 55m 22s | $470K | $1.0M | 50x |
Deribit RENDER_USDC-PERPETUAL
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $146.49
- Price spread: +0.090% → 0.000%
- $8.96
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $138.45
- Costs to cover
- 0.170%
- Break-even
- 0.4 days
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 16.58 bp | 23.8 bp −$24 | 62.5 bp −$625 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0344% | 1h | 1.8220 | −0.181% | $6K | $188K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | −0.0024% | 1h | 1.8253 | long leg | $10K | $30K | 25x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8217 | −0.198% | $18K | $21K | 5x | as long as short |
| Variational Omni RENDER | +0.0085% | 4h | 1.8222 | −0.169% | $224K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8236 | −0.095% | $264K | $142K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8210 | −0.234% | $12.1M | $46.3M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8190 | −0.345% | $11.7M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8220 | −0.181% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8193 | −0.329% | $511K | $1.0M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8210 | −0.236% | $11.0M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Variational Omni RENDER
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | 1.8200 | −0.290% | $4.9M | $12.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8205 | −0.263% | $9.7M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8210 | −0.236% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8354 | +0.553% | $46K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8270 | +0.093% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8219 | −0.188% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8370 | +0.641% | $150K | $65K | 50x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8384 | +0.718% | $47K | $297K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8340 | +0.477% | $587K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8203 | −0.271% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0674% | 1h | 1.8269 | +0.090% | $470K | $1.0M | 50x | |
| Hyperliquid RENDER | +0.0711% | 1h | 1.8237 | −0.088% | $4.2M | $3.4M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER