RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0646%/8h= −70.7% APRnext payment −$0.81 per $10,000 · paid last 24h −0.093%

Price spread now: ApeX Omni against Kraken Futures−0.070%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$730.735% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.538%−$54 on $10k

Price spread, last 3 days (all we have)+0.637%+$64 · spread now −0.070%, 7d avg −0.060%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RENDERUSD	1.8637	0.0746	pay 0.0093% / 1h	51m 04s	$487K	$1.1M	50x
Short	ApeX Omni RENDERUSDT	1.8624	0.0100	get 0.0013% / 1h	51m 04s	$44K	$259K	50x

Funding history

latest

Range statsloading…

ApeX Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.070%Rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 35 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 2 min ago	13.95 bp	19.0 bp −$19	48.1 bp −$481	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	9.76 bp	17.8 bp −$18	132.9 bp −$1,329	doesn't fit	doesn't fit

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	−0.575%	$6K	$92K	12x	as long as short
Variational Omni RENDER	−0.0181%	4h	1.8545	−0.495%	$223K	$255K	—	as long as short
Bybit RENDERUSDT	−0.0157%	4h	1.8590	−0.253%	$12.1M	$14.6M	50x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0019%	1h	1.8615	−0.119%	$11K	$33K	25x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8598	−0.210%	$19K	$21K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8625	−0.065%	$271K	$189K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8634	−0.018%	$12.4M	$49.3M	75x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8620	−0.092%	$3.2M	$8.8M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8605	−0.172%	$545K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8620	−0.092%	$12.1M	$10.2M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	1.8610	−0.146%	$5.2M	$13.0M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8616	−0.113%	$10.0M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8610	−0.146%	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDTshort	+0.0100%	1h	1.8624	−0.070%	$44K	$259K	50x
Phemex RENDERUSDT	+0.0100%	8h	1.8580	−0.307%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8608	−0.156%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8607	−0.162%	$40K	$336K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8600	−0.199%	$596K	$1.4M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0340% / S −0.0785%	1h	1.8614	−0.122%	$14K	—	100x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0520%	1h	1.8570	−0.360%	$153K	$68K	50x	as long as short
Kraken Futures PF_RENDERUSDlong	+0.0746%	1h	1.8637	long leg	$487K	$1.1M	50x
Hyperliquid RENDER	+0.1084%	1h	1.8666	+0.155%	$4.3M	$4.3M	5x	as long as short