Settings8H · net · $10k
Funding arb · Price arb /

RENDER

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against ApeX Omni−0.119%97s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$780.783% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 4 days (all we have)−0.321%−$32 · spread now −0.119%, 7d avg −0.008%
Together, before fees−0.249%−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.111% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.84920.0100pay 0.0013% / 1h57m 57s$46K$252K50x
ShortKuCoin RENDERUSDTM1.84700.0100get 0.0050% / 4h1h 57m$4.9M$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.119% → −0.008%
−$11.14
Slippage, 4 orders
−$56.25
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$89.39
Costs to cover
0.783%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 4 min ago6.76 bp14.4 bp −$14120.7 bp −$1,207doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.70 bp28.5 bp −$2862.9 bp −$629doesn't fitdoesn't fit

RENDER on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX RENDER-USD0.0000%1h1.8467−0.136%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8473−0.103%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8490−0.011%$6K$188K12xas long as short
Aster RENDERUSDT+0.0100%4h1.8493+0.007%$267K$139K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8459−0.179%$12.2M$44.8M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8454−0.205%$11.8M$12.6M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8460−0.173%$3.1M$7.9M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8456−0.195%$570K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8450−0.227%$11.0M$10.6M200xas long as short
KuCoin RENDERUSDTMshort+0.0100%4h1.8470−0.119%$4.9M$11.8M50x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8458−0.184%$9.9M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8460−0.173%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8462−0.163%$227K$277Kas long as short
ApeX Omni RENDERUSDTlong+0.0100%1h1.8492long leg$46K$252K50x
Phemex RENDERUSDT+0.0100%8h1.8460−0.173%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8448−0.238%$26K$198K10xas long as short
Phoenix RENDER+0.0217%1h1.8497+0.027%$47K$235K5xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8464−0.153%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0456%1h1.8520+0.151%$151K$52K50xas long as short
Hyperliquid RENDER+0.0946%1h1.8491−0.005%$4.2M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1446%1h1.8502+0.054%$489K$1.0M50xas long as short