Funding you earn now, next payment 01:00 UTC+0.0402%/8h= +44.1% APRnext payment +$0.50 per $10,000 · paid last 24h −0.050%
Price spread now: Kraken Futures against dYdX+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 +$12 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against dYdX than usual: you sell high and buy low: +$4 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 | dYdX RENDER-USD | 1.8796 | 0 | get 0.0000% / 1h | 42m 26s | $19K | $21K | 5x |
| Short | Kraken Futures PF_RENDERUSD | 1.8805 | 0.0402 | get 0.0050% / 1h | 42m 26s | $478K | $1.1M | 50x |
dYdX RENDER-USD
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- $84.52
- Price spread: +0.044% → 0.000%
- $4.37
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $68.9
- Costs to cover
- 0.200%
- Break-even
- 1.3 days
Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 1 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 12.76 bp | 22.4 bp −$22 | 41.6 bp −$416 | doesn't fit | doesn't fit |
dYdX: 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 | −0.0213% | 1h | 1.8690 | −0.566% | $6K | $188K | 12x | as long as short |
| Variational Omni RENDER | −0.0065% | 4h | 1.8787 | −0.050% | $230K | $287K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8820 | +0.125% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USDlong | 0.0000% | 1h | 1.8796 | long leg | $19K | $21K | 5x | |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8786 | −0.055% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8798 | +0.011% | $271K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8821 | +0.128% | $12.6M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8800 | +0.019% | $12.1M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8820 | +0.125% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8793 | −0.018% | $535K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8810 | +0.072% | $12.2M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8780 | −0.087% | $5.3M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8816 | +0.104% | $10.1M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8810 | +0.072% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8790 | −0.034% | $47K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8790 | −0.034% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8810 | +0.071% | $27K | $217K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8787 | −0.050% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8790 | −0.034% | $601K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0366% / S −0.0912% | 1h | 1.8782 | −0.078% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0402% | 1h | 1.8805 | +0.044% | $478K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0812% | 1h | 1.8842 | +0.242% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER