Funding you earn now, next payment 06:00 UTC+0.1151%/8h= +126.0% APRpaid last 24h +0.139%
Price spread now: Kraken Futures against KuCoin−0.030%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.030%, 7d avg +0.060%
=Funding pays, the price is against you. Kraken Futures is 0.090% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.060%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.558% in total) that is about 27 hours.
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 | KuCoin RENDERUSDTM | 1.7930 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $4.8M | $11.0M | 50x |
| Short | Kraken Futures PF_RENDERUSD | 1.7925 | 0.1251 | get 0.0156% / 1h | 38m 10s | $452K | $1.2M | 50x |
KuCoin RENDERUSDTM
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $241.71
- Price spread: −0.030% → +0.060%
- −$9.02
- Slippage, 4 orders
- −$68.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $142.24
- Costs to cover
- 0.905%
- Break-even
- 2.9 days
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, just now.
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, 5 min ago | 2.77 bp | 14.9 bp −$15 | 73.6 bp −$736 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, just now | 9.48 bp | 22.2 bp −$22 | 53.7 bp −$537 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | +0.0024% | 1h | 1.7879 | −0.282% | $18K | $32K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0029% | 1h | 1.7915 | −0.084% | $18K | $37K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7920 | −0.055% | $271K | $166K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7931 | +0.008% | $11.7M | $47.4M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7917 | −0.073% | $11.5M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7930 | 0.000% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7904 | −0.145% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7910 | −0.112% | $11.7M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.7930 | long leg | $4.8M | $11.0M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7922 | −0.045% | $9.6M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.7920 | −0.056% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7957 | +0.152% | $256K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7984 | +0.301% | $39K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7920 | −0.056% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7915 | −0.083% | $26K | $194K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0235% | 1h | 1.7920 | −0.056% | $11K | $194K | 12x | as long as short |
| Phoenix RENDER | +0.0264% | 1h | 1.8073 | +0.798% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7940 | +0.056% | $603K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.7900 | −0.167% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.7810 | −0.669% | $148K | $60K | 50x | as long as short |
| Hyperliquid RENDER | +0.0597% | 1h | 1.7936 | +0.033% | $4.0M | $3.3M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.1251% | 1h | 1.7925 | −0.030% | $452K | $1.2M | 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