Funding you earn now, next payment 03:00 UTC+0.1311%/8h= +143.5% APRpaid last 24h +0.157%
Price spread now: Kraken Futures against Variational Omni+0.341%7-day average +0.198% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.622%+$62 on $10k
+Price spread, last 4 days (all we have)−0.684%−$68 · spread now +0.341%, 7d avg +0.198%
=Together, before fees−0.063%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Kraken Futures is 0.143% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.198%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RENDER | 1.8901 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $269K | $313K | — |
| Short | Kraken Futures PF_RENDERUSD | 1.8966 | 0.1411 | get 0.0176% / 1h | 22m 28s | $491K | $1.1M | 50x |
Variational Omni RENDER
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- $275.22
- Price spread: +0.341% → +0.198%
- $14.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $279.51
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Kraken Futures: live order book, 1 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 Variational Omni RFQ quote, 42 min ago | 5.45 bp | doesn't fit | 35.4 bp −$354 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 7.65 bp | 15.5 bp −$15 | 50.2 bp −$502 | 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 | 0.0000% | 1h | 1.8964 | +0.334% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8941 | +0.211% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8870 | −0.165% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8902 | +0.005% | $12.6M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8891 | −0.054% | $12.0M | $13.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8920 | +0.100% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8910 | +0.047% | $587K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8940 | +0.206% | $14.1M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8930 | +0.153% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8909 | +0.042% | $10.4M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
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 | 1.8910 | +0.047% | — | $3.5M | — | as long as short |
| Variational Omni RENDERlong | +0.0100% | 4h | 1.8901 | long leg | $269K | $313K | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8976 | +0.396% | $44K | $254K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8940 | +0.206% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8939 | +0.199% | $28K | $198K | 10x | as long as short |
| Aster RENDERUSDT | +0.0223% | 4h | 1.8982 | +0.430% | $275K | $145K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8881 | −0.106% | $48K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8950 | +0.259% | $594K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0369% / S −0.0912% | 1h | 1.8941 | +0.210% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.9130 | +1.211% | $157K | $58K | 50x | as long as short |
| Hyperliquid RENDER | +0.0885% | 1h | 1.8944 | +0.229% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.1411% | 1h | 1.8966 | +0.341% | $491K | $1.1M | 50x |
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER