Funding you earn now, next payment 01:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.108%
Price spread now: Aster against Kraken Futures−0.042%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 5 days (all we have)−0.689%−$69 on $10k
+Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.042%, 7d avg −0.003%
=Together, before fees−0.542%+ Points / potential airdropAster: Stage 5 · farm board−$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.039% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8657 | 0.0406 | pay 0.0051% / 1h | 10m 50s | $478K | $1.1M | 50x |
| Short | Aster RENDERUSDT | 1.8649 | 0.0100 | get 0.0050% / 4h | 3h 10m | $269K | $146K | 20x |
Kraken Futures PF_RENDERUSD
Aster RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$64.19
- Price spread: −0.042% → −0.003%
- −$3.9
- Slippage, 4 orders
- −$86.42
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$172.51
- Costs to cover
- 1.044%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Aster: live order book, 61 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 Kraken Futures live order book, 3 min ago | 11.22 bp | 21.7 bp −$22 | 63.8 bp −$638 | doesn't fit | doesn't fit |
| Sell Aster live order book, 61 min ago | 13.40 bp | 26.3 bp −$26 | doesn't fit | 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 | −0.0213% | 1h | 1.8840 | +0.981% | $6K | $188K | 12x | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8830 | +0.927% | $155K | $65K | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0018% | 1h | 1.8629 | −0.150% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8647 | −0.054% | $19K | $21K | 5x | as long as short |
| Variational Omni RENDER | +0.0021% | 4h | 1.8622 | −0.188% | $229K | $279K | — | as long as short |
| Aster RENDERUSDTshort | +0.0100% | 4h | 1.8649 | −0.042% | $269K | $146K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8658 | +0.007% | $12.5M | $46.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8640 | −0.091% | $12.1M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8670 | +0.069% | $3.2M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8641 | −0.086% | $527K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Coinbase International RENDER-PERP-INTX
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Variational Omni RENDER
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8650 | −0.038% | $12.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8630 | −0.145% | $5.3M | $12.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8665 | +0.043% | $10.1M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8650 | −0.038% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8869 | +1.136% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8630 | −0.145% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8636 | −0.114% | $29K | $205K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8727 | +0.375% | $48K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8660 | +0.016% | $593K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8639 | −0.099% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0406% | 1h | 1.8657 | long leg | $478K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0852% | 1h | 1.8698 | +0.220% | $4.3M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER