Funding you earn now, next payment 01:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.110%
Price spread now: MEXC against Kraken Futures−0.446%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.607%−$61 on $10k
+Price spread, last 3 days (all we have)+0.435%+$44 · spread now −0.446%, 7d avg −0.104%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.342% cheaper against Kraken Futures than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8713 | 0.0404 | pay 0.0051% / 1h | 18m 24s | $475K | $1.0M | 50x |
| Short | MEXC RENDER_USDT | 1.8630 | 0.0100 | get 0.0050% / 4h | 3h 18m | $11.9M | $10.9M | 200x |
Kraken Futures PF_RENDERUSD
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$63.93
- Price spread: −0.446% → −0.104%
- −$34.19
- Slippage, 4 orders
- −$36.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$144.81
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; MEXC: 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 | 9.34 bp | 26.1 bp −$26 | 55.1 bp −$551 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.67 bp | 2.7 bp −$3 | 7.4 bp −$74 | 40.7 bp −$4,073 | 189.3 bp −$94.7K |
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 | 1.8670 | −0.232% | $6K | $188K | 12x | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8660 | −0.286% | $153K | $64K | 50x | as long as short |
| Variational Omni RENDER | −0.0018% | 4h | 1.8662 | −0.275% | $229K | $281K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8627 | −0.461% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8679 | −0.184% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8639 | −0.399% | $269K | $147K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8654 | −0.319% | $12.4M | $46.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8647 | −0.355% | $12.0M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8690 | −0.125% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8618 | −0.510% | $523K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Coinbase International RENDER-PERP-INTX
Variational Omni RENDER
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_USDTshort | +0.0100% | 4h | 1.8630 | −0.446% | $11.9M | $10.9M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8600 | −0.606% | $5.2M | $12.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8684 | −0.157% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8640 | −0.392% | — | $4.0M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8684 | −0.157% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8680 | −0.179% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8673 | −0.217% | $29K | $209K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8702 | −0.061% | $47K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8670 | −0.232% | $595K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8651 | −0.331% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0404% | 1h | 1.8713 | long leg | $475K | $1.0M | 50x | |
| Hyperliquid RENDER | +0.0823% | 1h | 1.8675 | −0.205% | $4.3M | $3.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER