Funding you earn now, next payment 23:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.093%
Price spread now: Kraken Futures against Gate+0.246%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1491.491% of the position
Funding, last 7 days+0.628%+$63 on $10k
+Price spread, last 3 days (all we have)−0.364%−$36 · spread now +0.246%, 7d avg +0.115%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.131% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RENDER_USDT | 1.8388 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $535K | $1.1M | 50x |
| Short | Kraken Futures PF_RENDERUSD | 1.8433 | 0.0580 | get 0.0073% / 1h | 57m 20s | $468K | $1.1M | 50x |
Gate RENDER_USDT
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $100.82
- Price spread: +0.246% → +0.115%
- $13.08
- Slippage, 4 orders
- −$124.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$35.16
- Costs to cover
- 1.491%
- Break-even
- 9.4 days
Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 1 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 Gate live order book, 5 min ago | 7.05 bp | 49.3 bp −$49 | 179.9 bp −$1,799 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 19.03 bp | 26.6 bp −$27 | 54.2 bp −$542 | 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 | −0.0576% | 1h | 1.8400 | +0.065% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0369% | 4h | 1.8424 | +0.197% | $222K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8398 | +0.055% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8408 | +0.109% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8403 | +0.080% | $263K | $184K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8403 | +0.080% | $12.2M | $48.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8380 | −0.044% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8400 | +0.065% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDTlong | +0.0100% | 4h | 1.8388 | long leg | $535K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8390 | +0.011% | $11.4M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
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 | 1.8390 | +0.011% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8401 | +0.071% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8400 | +0.065% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8456 | +0.370% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8400 | +0.065% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8406 | +0.099% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8377 | −0.060% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8400 | +0.065% | $595K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.534% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8403 | +0.081% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0580% | 1h | 1.8433 | +0.246% | $468K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0748% | 1h | 1.8426 | +0.207% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER