Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Phemex0.000%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)+0.257%+$26 · spread now 0.000%, 7d avg +0.049%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.049% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.8670 | 0.0100 | pay 0.0100% / 8h | 2h 38m | $1.9M | $4.0M | 50x |
| Short | KuCoin RENDERUSDTM | 1.8670 | 0.0100 | get 0.0050% / 4h | 2h 38m | $5.2M | $13.0M | 50x |
Phemex RENDERUSDT
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $0
- Price spread: 0.000% → +0.049%
- −$4.9
- Slippage, 4 orders
- −$87.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$116.77
- Costs to cover
- 1.119%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; KuCoin: 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 Phemex live order book, 6 min ago | 8.05 bp | 31.3 bp −$31 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.37 bp | 21.1 bp −$21 | 63.6 bp −$636 | 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 | −0.0440% | 1h | 1.8640 | −0.161% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.294% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0107% | 4h | 1.8658 | −0.064% | $12.2M | $14.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0071% | 1h | 1.8681 | +0.059% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8679 | +0.050% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8689 | +0.099% | $272K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8687 | +0.093% | $12.5M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | +0.054% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8672 | +0.011% | $546K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8680 | +0.054% | $12.0M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance 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 RENDERUSDTMshort | +0.0100% | 4h | 1.8670 | 0.000% | $5.2M | $13.0M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8687 | +0.091% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8680 | +0.054% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8646 | −0.129% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDTlong | +0.0100% | 8h | 1.8670 | long leg | $1.9M | $4.0M | 50x | |
| Extended RENDER-USD | +0.0104% | 1h | 1.8685 | +0.081% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8635 | −0.187% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8650 | −0.107% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0341% / S −0.0785% | 1h | 1.8680 | +0.055% | $14K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.161% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0744% | 1h | 1.8701 | +0.167% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0929% | 1h | 1.8703 | +0.177% | $4.3M | $4.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER