Funding you earn now, next payment 00:00 UTC−0.0498%/8h= −54.6% APRpaid last 24h −0.107%
Price spread now: KuCoin against Kraken Futures−0.151%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 3 days (all we have)+0.220%+$22 · spread now −0.151%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.096% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8528 | 0.0598 | pay 0.0075% / 1h | 19m 07s | $475K | $1.1M | 50x |
| Short | KuCoin RENDERUSDTM | 1.8500 | 0.0100 | get 0.0050% / 4h | 19m 07s | $5.1M | $12.3M | 50x |
Kraken Futures PF_RENDERUSD
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$104.66
- Price spread: −0.151% → −0.055%
- −$9.64
- Slippage, 4 orders
- −$64.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$201
- Costs to cover
- 0.867%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; KuCoin: live order book, 4 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 | 5.69 bp | 16.5 bp −$17 | 37.9 bp −$379 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 2.71 bp | 32.4 bp −$32 | 66.3 bp −$663 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0083% | 4h | 1.8483 | −0.246% | $224K | $292K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8507 | −0.113% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8511 | −0.092% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8523 | −0.025% | $267K | $165K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8510 | −0.096% | $12.3M | $46.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8480 | −0.259% | $12.0M | $13.4M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8510 | −0.097% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8495 | −0.178% | $534K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8500 | −0.151% | $12.1M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.8500 | −0.151% | $5.1M | $12.3M | 50x |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8509 | −0.103% | $9.9M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8500 | −0.151% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8435 | −0.502% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8510 | −0.097% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8506 | −0.121% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8480 | −0.259% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8519 | −0.049% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.475% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8490 | −0.205% | $595K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8510 | −0.098% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0598% | 1h | 1.8528 | long leg | $475K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.1540% | 1h | 1.8547 | +0.103% | $4.3M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER