Funding you earn now, next payment 01:00 UTC−0.0619%/8h= −67.8% APRnext payment −$0.77 per $10,000 · paid last 24h −0.334%
Price spread now: Injective against Kraken Futures+1.100%7-day average −0.243% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.932%−$93 on $10k
+Price spread, last 3 days (all we have)−0.903%−$90 · spread now +1.100%, 7d avg −0.243%
=The price spread pays, funding is against you. Injective is 1.343% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.100% now, against its 7-day average of −0.243%): +$134 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8635 | 0.0406 | pay 0.0051% / 1h | 7m 21s | $478K | $1.1M | 50x |
| Short | Injective RENDER/USDC PERP | 1.8840 | −0.0213 | pay 0.0027% / 1h | 7m 21s | $6K | $188K | 12x |
Kraken Futures PF_RENDERUSD
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$129.93
- Price spread: +1.100% → −0.243%
- $134.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$5.62
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: live order book, 17 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 Kraken Futures live order book, 1 min ago | 10.45 bp | 20.2 bp −$20 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Injective live order book, 17 min ago | 66.51 bp | doesn't fit | 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 PERPshort | −0.0213% | 1h | 1.8840 | +1.100% | $6K | $188K | 12x | |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8830 | +1.047% | $155K | $65K | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0019% | 1h | 1.8603 | −0.172% | $11K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8627 | −0.044% | $19K | $21K | 5x | as long as short |
| Variational Omni RENDER | +0.0021% | 4h | 1.8622 | −0.070% | $229K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8642 | +0.038% | $270K | $146K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8606 | −0.157% | $12.4M | $46.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8590 | −0.241% | $12.0M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8620 | −0.080% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8618 | −0.091% | $526K | $1.1M | 50x | as long as short |
Coinbase International RENDER-PERP-INTX
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Variational Omni RENDER
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 | 1.8610 | −0.134% | $11.9M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8600 | −0.188% | $5.3M | $12.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8612 | −0.123% | $10.0M | $10.5M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8610 | −0.134% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8623 | −0.064% | $46K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8620 | −0.080% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8606 | −0.156% | $29K | $205K | 10x | as long as short |
| Phoenix RENDER | +0.0171% | 1h | 1.8680 | +0.242% | $47K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8640 | +0.027% | $601K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8602 | −0.179% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0406% | 1h | 1.8635 | long leg | $478K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0880% | 1h | 1.8662 | +0.145% | $4.3M | $3.3M | 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