Funding you earn now, next payment 01:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.038%
Price spread now: BloFin against Kraken Futures−0.216%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$810.806% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.216%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.151% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8760 | 0.0403 | pay 0.0050% / 1h | 41m 10s | $477K | $1.1M | 50x |
| Short | BloFin RENDER-USDT | 1.8720 | 0.0340 | get 0.0170% / 4h | 3h 41m | $599K | $1.3M | 90x |
Kraken Futures PF_RENDERUSD
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$13.32
- Price spread: −0.216% → −0.064%
- −$15.13
- Slippage, 4 orders
- −$58.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$109
- Costs to cover
- 0.806%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: 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, 2 min ago | 12.76 bp | 19.8 bp −$20 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 5.33 bp | 16.5 bp −$16 | 28.3 bp −$283 | 73.8 bp −$7,384 | 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 | −0.0213% | 1h | 1.8720 | −0.216% | $6K | $188K | 12x | as long as short |
| Variational Omni RENDER | −0.0052% | 4h | 1.8702 | −0.311% | $231K | $285K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8820 | +0.317% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8727 | −0.178% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8748 | −0.066% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8737 | −0.125% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8747 | −0.070% | $12.5M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8726 | −0.184% | $12.1M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8740 | −0.109% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8723 | −0.200% | $533K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
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 | 1.8740 | −0.109% | $12.1M | $10.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | −0.216% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8741 | −0.104% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8730 | −0.162% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8790 | +0.157% | $47K | $268K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8750 | −0.056% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8733 | −0.146% | $29K | $221K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8787 | +0.141% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8720 | −0.216% | $599K | $1.3M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8731 | −0.159% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0403% | 1h | 1.8760 | long leg | $477K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0781% | 1h | 1.8778 | +0.092% | $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
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER