RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0580%/8h= +63.5% APRnext payment +$0.73 per $10,000 · paid last 24h +0.158%

Price spread now: Kraken Futures against Deribit+0.164%7-day average +0.077% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.907%+$91 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.164%, 7d avg +0.077%

Together, before fees+0.811%+$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.088% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RENDER_USDC-PERPETUAL	1.8402	0	get 0.0000% / 1h	26m 33s	$10K	$30K	25x
Short	Kraken Futures PF_RENDERUSD	1.8432	0.0580	get 0.0073% / 1h	26m 33s	$466K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.164%Rate

Funding earned: $121.83
Price spread: +0.164% → +0.077%: $8.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $113.59
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 2 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	7.61 bp	16.3 bp −$16	39.3 bp −$393	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0576%	1h	1.8380	−0.120%	$6K	$187K	12x	as long as short
Variational Omni RENDER	−0.0300%	4h	1.8383	−0.105%	$221K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8424	+0.119%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALlong	0.0000%	1h	1.8402	long leg	$10K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8442	+0.219%	$263K	$173K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8410	+0.043%	$12.2M	$48.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8390	−0.065%	$11.9M	$13.9M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8420	+0.098%	$3.1M	$8.4M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8417	+0.082%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8410	+0.043%	$11.8M	$10.5M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	1.8400	−0.011%	$5.0M	$12.8M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8416	+0.076%	$9.8M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8400	−0.011%	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8403	+0.005%	$43K	$267K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8400	−0.011%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8420	+0.096%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0131%	1h	1.8419	+0.092%	$40K	$325K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8400	−0.011%	$593K	$1.3M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0352%	1h	1.8670	+1.456%	$154K	$67K	50x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0362% / S −0.0912%	1h	1.8395	−0.039%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSDshort	+0.0580%	1h	1.8432	+0.164%	$466K	$1.1M	50x
Hyperliquid RENDER	+0.0635%	1h	1.8457	+0.299%	$4.2M	$3.6M	5x	as long as short