Funding you earn now, next payment 22:00 UTC−0.0640%/8h= −70.1% APRpaid last 24h −0.093%
Price spread now: BingX against Kraken Futures−0.228%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days−0.473%−$47 on $10k
+Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.228%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and BingX is 0.133% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8783 | 0.0740 | pay 0.0093% / 1h | 22m 06s | $491K | $1.1M | 50x |
| Short | BingX RENDER-USDT | 1.8740 | 0.0100 | get 0.0050% / 4h | 2h 22m | — | $4.3M | — |
Kraken Futures PF_RENDERUSD
BingX RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$134.46
- Price spread: −0.228% → −0.095%
- −$13.35
- Slippage, 4 orders
- −$39.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$207.29
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago | 14.62 bp | 19.7 bp −$20 | 44.8 bp −$448 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 2.68 bp | 8.0 bp −$8 | 17.5 bp −$175 | 48.0 bp −$4,803 | 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 | 1.8670 | −0.601% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0275% | 4h | 1.8749 | −0.179% | $238K | $271K | — | as long as short |
| Bybit RENDERUSDT | −0.0096% | 4h | 1.8720 | −0.335% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8774 | −0.047% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8753 | −0.159% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8760 | −0.122% | $268K | $196K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8760 | −0.124% | $12.6M | $49.2M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8760 | −0.122% | $3.2M | $8.9M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8752 | −0.165% | $552K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8750 | −0.175% | $12.2M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.8750 | −0.175% | $5.2M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8760 | −0.122% | $10.1M | $10.4M | 50x | as long as short |
| BingX RENDER-USDTshort | +0.0100% | 4h | 1.8740 | −0.228% | — | $4.3M | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8789 | +0.032% | $45K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8750 | −0.175% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8763 | −0.105% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8801 | +0.096% | $41K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8780 | −0.015% | $607K | $1.5M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0904% | 1h | 1.8761 | −0.119% | $16K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.761% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0740% | 1h | 1.8783 | long leg | $491K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0844% | 1h | 1.8791 | +0.044% | $4.3M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER