Funding you earn now, next payment 22:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.021%
Price spread now: Kraken Futures against BloFin+0.165%57s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.165%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.101% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.064%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.8% 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 | BloFin RENDER-USDT | 1.8560 | 0.0340 | pay 0.0170% / 4h | 2h 08m | $602K | $1.4M | 90x |
| Short | Kraken Futures PF_RENDERUSD | 1.8591 | 0.0748 | get 0.0093% / 1h | 8m 15s | $481K | $1.1M | 50x |
BloFin RENDER-USDT
Kraken Futures PF_RENDERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $85.67
- Price spread: +0.165% → +0.064%
- $10.07
- Slippage, 4 orders
- −$40.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $33.51
- Costs to cover
- 0.622%
- Break-even
- 4.3 days
Slippage from BloFin: live order book, 9 min ago; Kraken Futures: 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 BloFin live order book, 9 min ago | 5.39 bp | 14.6 bp −$15 | 26.7 bp −$267 | 95.0 bp −$9,502 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 11.30 bp | 18.4 bp −$18 | 40.3 bp −$403 | 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 | 1.8540 | −0.108% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0354% | 4h | 1.8505 | −0.299% | $221K | $294K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0020% | 1h | 1.8545 | −0.081% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8529 | −0.167% | $19K | $21K | 5x | as long as short |
| Bybit RENDERUSDT | +0.0011% | 4h | 1.8528 | −0.172% | $12.1M | $14.5M | 50x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8524 | −0.193% | $265K | $186K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8560 | 0.000% | $12.4M | $48.7M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8560 | 0.000% | $3.2M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8514 | −0.248% | $541K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8560 | 0.000% | $12.0M | $10.4M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Bybit RENDERUSDT
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 RENDERUSDTM | +0.0100% | 4h | 1.8510 | −0.269% | $5.1M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8553 | −0.038% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8500 | −0.323% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8539 | −0.113% | $44K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8550 | −0.054% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8528 | −0.173% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8549 | −0.059% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8560 | long leg | $602K | $1.4M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8506 | −0.290% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8670 | +0.593% | $154K | $69K | 50x | as long as short |
| Kraken Futures PF_RENDERUSDshort | +0.0748% | 1h | 1.8591 | +0.165% | $481K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0817% | 1h | 1.8538 | −0.119% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER