Funding you earn now, next payment 05:00 UTC−0.0953%/8h= −104.4% APRpaid last 24h −0.134%
Price spread now: Gate against Kraken Futures−0.084%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
Funding, last 7 days−0.703%−$70 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.084%, 7d avg −0.122%
=The price spread pays, funding is against you. Gate is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.084% now, against its 7-day average of −0.122%): +$4 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.703% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8198 | 0.1053 | pay 0.0132% / 1h | 9m 00s | $491K | $1.2M | 50x |
| Short | Gate RENDER_USDT | 1.8183 | 0.0100 | get 0.0050% / 4h | 3h 09m | $532K | $1.3M | 50x |
Kraken Futures PF_RENDERUSD
Gate RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$200.18
- Price spread: −0.084% → −0.122%
- $3.8
- Slippage, 4 orders
- −$112.42
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$333.8
- Costs to cover
- 1.374%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 10.67 bp | 23.7 bp −$24 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.29 bp | 50.7 bp −$51 | 150.3 bp −$1,503 | 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 | −0.0572% | 1h | 1.8240 | +0.229% | $11K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8182 | −0.090% | $16K | $35K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8203 | +0.028% | $267K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8185 | −0.076% | $11.8M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8180 | −0.101% | $11.6M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8200 | +0.009% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8183 | −0.084% | $532K | $1.3M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8170 | −0.156% | $12.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8200 | +0.009% | $4.9M | $11.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8192 | −0.035% | $9.9M | $10.6M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8190 | −0.046% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8222 | +0.128% | $259K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8264 | +0.361% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8180 | −0.101% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8176 | −0.124% | $26K | $197K | 10x | as long as short |
| dYdX RENDER-USD | +0.0178% | 1h | 1.8201 | +0.013% | $18K | $32K | 5x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8256 | +0.317% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8220 | +0.119% | $562K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0372% / S −0.0956% | 1h | 1.8169 | −0.160% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0569% | 1h | 1.8213 | +0.081% | $4.1M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | +1.273% | $153K | $58K | 50x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.1053% | 1h | 1.8198 | long leg | $491K | $1.2M | 50x |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
dYdX RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX