Funding you earn now, next payment 06:00 UTC−0.1148%/8h= −125.7% APRpaid last 24h −0.139%
Price spread now: KuCoin against Kraken Futures−0.105%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1031.027% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.105%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and KuCoin is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.558% in total (about -29.1% 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 | 1.7969 | 0.1248 | pay 0.0156% / 1h | 23m 50s | $420K | $1.3M | 50x |
| Short | KuCoin RENDERUSDTM | 1.7950 | 0.0100 | get 0.0050% / 4h | 2h 23m | $4.8M | $10.9M | 50x |
Kraken Futures PF_RENDERUSD
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$241.06
- Price spread: −0.105% → −0.060%
- −$4.5
- Slippage, 4 orders
- −$80.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$348.3
- Costs to cover
- 1.027%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 13.10 bp | 25.4 bp −$25 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.79 bp | 39.2 bp −$39 | 72.7 bp −$727 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.7947 | −0.122% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0014% | 1h | 1.7908 | −0.339% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7933 | −0.199% | $275K | $174K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7940 | −0.161% | $11.7M | $47.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7933 | −0.200% | $11.7M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7950 | −0.105% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7935 | −0.189% | $519K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7920 | −0.272% | $10.7M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.7950 | −0.105% | $4.8M | $10.9M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7944 | −0.138% | $9.7M | $10.8M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
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 | 1.7930 | −0.216% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7867 | −0.567% | $253K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7860 | −0.606% | $39K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7940 | −0.161% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7926 | −0.239% | $26K | $194K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.7840 | −0.717% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.7870 | −0.550% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7930 | −0.216% | $602K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.7933 | −0.200% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.7950 | −0.105% | $149K | $60K | 50x | as long as short |
| Hyperliquid RENDER | +0.0614% | 1h | 1.7947 | −0.122% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.1248% | 1h | 1.7969 | long leg | $420K | $1.3M | 50x |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER