Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.053%
Price spread now: Deribit against KuCoin−0.172%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.172% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8070 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $4.8M | $11.0M | 50x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8039 | 0 | get 0.0000% / 1h | 42m 37s | $18K | $37K | 25x |
KuCoin RENDERUSDTM
Deribit RENDER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.172% → 0.000%
- −$17.16
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.16
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 11 min ago; Deribit: no order-book sample. 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 KuCoin live order book, 11 min ago | 2.75 bp | 20.8 bp −$21 | 51.8 bp −$518 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUALshort | 0.0000% | 1h | 1.8039 | −0.172% | $18K | $37K | 25x | |
| dYdX RENDER-USD | +0.0030% | 1h | 1.8057 | −0.070% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8064 | −0.035% | $265K | $156K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8040 | −0.166% | $11.7M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8026 | −0.243% | $11.6M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8050 | −0.111% | $3.1M | $8.0M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8048 | −0.122% | $523K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8050 | −0.111% | $12.0M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.8070 | long leg | $4.8M | $11.0M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8044 | −0.144% | $9.8M | $10.5M | 50x | as long as short |
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 | 1.8050 | −0.111% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8082 | +0.065% | $257K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8095 | +0.138% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8050 | −0.111% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8053 | −0.093% | $26K | $190K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.8080 | +0.055% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8129 | +0.327% | $47K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8080 | +0.055% | $560K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0370% / S −0.0956% | 1h | 1.8045 | −0.140% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8150 | +0.443% | $151K | $57K | 50x | as long as short |
| Hyperliquid RENDER | +0.0633% | 1h | 1.8091 | +0.116% | $4.1M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1242% | 1h | 1.8058 | −0.068% | $481K | $1.2M | 50x | as long as short |
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
Kraken Futures PF_RENDERUSD