Settings8H · net · $10k
Funding arb · Price arb /

RENDER

all RENDER markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0496%/8h= −54.4% APRpaid last 24h −0.106%
Price spread now: Aster against Kraken Futures+0.009%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$900.897% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.687%−$69 on $10k
Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.009%, 7d avg −0.002%
Together, before fees−0.548%+ Points / potential airdropAster: Stage 5 · farm board−$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_RENDERUSD1.85870.0596pay 0.0075% / 1h37m 35s$482K$1.1M50x
ShortAster RENDERUSDT1.85890.0100get 0.0050% / 4h37m 35s$268K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
−$104.26
Price spread: +0.009% → −0.002%
$1.09
Slippage, 4 orders
−$71.71
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$192.88
Costs to cover
0.897%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago6.19 bp17.4 bp −$1742.0 bp −$420doesn't fitdoesn't fit
Sell Aster live order book, 39 min ago8.12 bp22.8 bp −$23doesn't fitdoesn't fitdoesn't fit

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RENDER−0.0088%4h1.8553−0.186%$224K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8568−0.105%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8562−0.136%$11K$30K25xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8589+0.009%$268K$166K20x
Binance RENDERUSDT+0.0100%4h1.8563−0.132%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8544−0.233%$12.0M$13.5M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8570−0.093%$3.2M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8553−0.184%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8560−0.147%$12.3M$10.5M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8550−0.200%$5.1M$12.4M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8569−0.098%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8570−0.093%$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8572−0.082%$43K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8560−0.147%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8566−0.117%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8540−0.254%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8597+0.052%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.792%$152K$65K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8560−0.147%$597K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8560−0.145%$16K100xas long as short
Kraken Futures PF_RENDERUSDlong+0.0596%1h1.8587long leg$482K$1.1M50x
Hyperliquid RENDER+0.1786%1h1.8616+0.154%$4.3M$3.4M5xas long as short