Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.048%
Price spread now: Coinbase International against KuCoin+0.768%7-day average +0.249% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$2202.197% of the position
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 3 days (all we have)−0.534%−$53 · spread now +0.768%, 7d avg +0.249%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.519% dearer against KuCoin than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.249%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8230 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $4.9M | $12.2M | 50x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8370 | 0.0168 | get 0.0021% / 1h | 55m 29s | $150K | $65K | 50x |
KuCoin RENDERUSDTM
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- $14.28
- Price spread: +0.768% → +0.249%
- $51.88
- Slippage, 4 orders
- −$197.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$153.51
- Costs to cover
- 2.197%
- Break-even
- 82.3 days
Slippage from KuCoin: live order book, 8 min ago; Coinbase International: live order book, 12 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 KuCoin live order book, 8 min ago | 2.71 bp | 34.2 bp −$34 | 84.5 bp −$845 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 12 min ago | 16.09 bp | 93.7 bp −$94 | doesn't fit | 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 | −0.0344% | 1h | 1.8380 | +0.823% | $6K | $188K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0024% | 1h | 1.8253 | +0.126% | $10K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8217 | −0.072% | $18K | $21K | 5x | as long as short |
| Variational Omni RENDER | +0.0085% | 4h | 1.8222 | −0.043% | $224K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8248 | +0.099% | $264K | $142K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8210 | −0.111% | $12.1M | $46.3M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8190 | −0.219% | $11.7M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8220 | −0.055% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8220 | −0.055% | $512K | $1.0M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8220 | −0.055% | $11.0M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Variational Omni RENDER
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 RENDERUSDTMlong | +0.0100% | 4h | 1.8230 | long leg | $4.9M | $12.2M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8217 | −0.071% | $9.7M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8210 | −0.110% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8354 | +0.680% | $46K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8270 | +0.219% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8219 | −0.062% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0168% | 1h | 1.8370 | +0.768% | $150K | $65K | 50x | |
| Phoenix RENDER | +0.0171% | 1h | 1.8384 | +0.845% | $47K | $297K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8340 | +0.603% | $587K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8242 | +0.067% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0674% | 1h | 1.8269 | +0.216% | $470K | $1.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.0759% | 1h | 1.8265 | +0.192% | $4.2M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER