Funding you earn now, next payment 01:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.038%
Price spread now: BloFin against Kraken Futures+0.041%57s7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as 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−$720.723% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.041%, 7d avg −0.064%
=The price spread pays, funding is against you. BloFin is 0.105% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.064%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8702 | 0.0405 | pay 0.0051% / 1h | 34m 22s | $475K | $1.0M | 50x |
| Short | BloFin RENDER-USDT | 1.8710 | 0.0340 | get 0.0170% / 4h | 3h 34m | $598K | $1.2M | 90x |
Kraken Futures PF_RENDERUSD
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$13.58
- Price spread: +0.041% → −0.064%
- $10.5
- Slippage, 4 orders
- −$50.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.42
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago | 9.34 bp | 19.3 bp −$19 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.67 bp | 13.5 bp −$14 | 24.3 bp −$243 | 70.6 bp −$7,061 | 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 | 1.8680 | −0.120% | $6K | $188K | 12x | as long as short |
| Variational Omni RENDER | −0.0079% | 4h | 1.8667 | −0.189% | $230K | $281K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8820 | +0.629% | $155K | $65K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8697 | −0.029% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8682 | −0.109% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8697 | −0.030% | $270K | $147K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8675 | −0.148% | $12.5M | $46.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8660 | −0.227% | $12.0M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8690 | −0.066% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8670 | −0.173% | $537K | $1.1M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
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 | 1.8670 | −0.173% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8670 | −0.173% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8678 | −0.131% | $10.0M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8670 | −0.173% | — | $4.0M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8749 | +0.249% | $47K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8680 | −0.120% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8672 | −0.163% | $29K | $221K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8712 | +0.051% | $47K | $324K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8710 | +0.041% | $598K | $1.2M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8674 | −0.155% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0405% | 1h | 1.8702 | long leg | $475K | $1.0M | 50x | |
| Hyperliquid RENDER | +0.0735% | 1h | 1.8719 | +0.091% | $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
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER