Funding you earn now, next payment 03:00 UTC−0.1311%/8h= −143.5% APRpaid last 24h −0.112%
Price spread now: Bitget against Kraken Futures−0.093%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.581%−$58 on $10k
+Price spread, last 4 days (all we have)+0.461%+$46 · spread now −0.093%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.581% in total (about -30.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8966 | 0.1411 | pay 0.0176% / 1h | 22m 38s | $491K | $1.1M | 50x |
| Short | Bitget RENDERUSDT | 1.8948 | 0.0100 | get 0.0050% / 4h | 1h 22m | $10.4M | $10.7M | 50x |
Kraken Futures PF_RENDERUSD
Bitget RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$275.22
- Price spread: −0.093% → −0.058%
- −$3.48
- Slippage, 4 orders
- −$48.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$348.81
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bitget: 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 Kraken Futures live order book, 1 min ago | 7.65 bp | 22.2 bp −$22 | 62.7 bp −$627 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.53 bp | 13.2 bp −$13 | 50.0 bp −$500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8964 | −0.007% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8941 | −0.130% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8870 | −0.504% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8944 | −0.113% | $12.7M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8910 | −0.293% | $12.1M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8950 | −0.082% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8952 | −0.072% | $589K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8940 | −0.135% | $14.1M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8960 | −0.029% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDTshort | +0.0100% | 4h | 1.8948 | −0.093% | $10.4M | $10.7M | 50x |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8950 | −0.082% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8901 | −0.340% | $269K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8976 | +0.055% | $44K | $254K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8940 | −0.135% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8939 | −0.141% | $28K | $198K | 10x | as long as short |
| Aster RENDERUSDT | +0.0223% | 4h | 1.9000 | +0.182% | $275K | $145K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8881 | −0.446% | $48K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8950 | −0.082% | $594K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8941 | −0.130% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.9130 | +0.867% | $157K | $58K | 50x | as long as short |
| Hyperliquid RENDER | +0.0894% | 1h | 1.9014 | +0.255% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.1411% | 1h | 1.8966 | long leg | $491K | $1.1M | 50x |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER