Funding you earn now, next payment 23:00 UTC−0.0846%/8h= −92.6% APRpaid last 24h −0.156%
Price spread now: Variational Omni against Kraken Futures−0.397%7-day average −0.194% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.590%−$59 on $10k
+Price spread, last 3 days (all we have)+0.414%+$41 · spread now −0.397%, 7d avg −0.194%
=Together, before fees−0.176%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Variational Omni is 0.202% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.194%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8491 | 0.0578 | pay 0.0072% / 1h | 15m 21s | $480K | $1.1M | 50x |
| Short | Variational Omni RENDER | 1.8418 | −0.0268 | pay 0.0134% / 4h | 1h 15m | $223K | $297K | — |
Kraken Futures PF_RENDERUSD
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$177.67
- Price spread: −0.397% → −0.194%
- −$20.23
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$207.9
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
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, 3 min ago | 9.75 bp | 20.4 bp −$20 | 45.9 bp −$459 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 5.43 bp | doesn't fit | 32.6 bp −$326 | 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 | −0.0576% | 1h | 1.8450 | −0.222% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDERshort | −0.0268% | 4h | 1.8418 | −0.397% | $223K | $297K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8467 | −0.128% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8464 | −0.146% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8470 | −0.114% | $267K | $175K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8471 | −0.111% | $12.2M | $47.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8450 | −0.222% | $12.0M | $13.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8460 | −0.168% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8455 | −0.195% | $534K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8460 | −0.168% | $12.0M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8440 | −0.276% | $5.0M | $12.7M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8464 | −0.146% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8460 | −0.168% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8439 | −0.281% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8470 | −0.114% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8460 | −0.167% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8456 | −0.189% | $47K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8430 | −0.330% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.276% | $152K | $66K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8458 | −0.179% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0578% | 1h | 1.8491 | long leg | $480K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0665% | 1h | 1.8506 | +0.081% | $4.2M | $3.5M | 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
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER