Funding you earn now, next payment 01:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h −0.160%
Price spread now: Variational Omni against Kraken Futures−0.290%7-day average −0.195% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.597%−$60 on $10k
+Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.290%, 7d avg −0.195%
=Together, before fees−0.347%+ Points / potential airdropVariational Omni: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni 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 −0.195%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8772 | 0.0403 | pay 0.0050% / 1h | 58m 07s | $483K | $1.1M | 50x |
| Short | Variational Omni RENDER | 1.8717 | −0.0061 | pay 0.0031% / 4h | 3h 58m | $230K | $293K | — |
Kraken Futures PF_RENDERUSD
Variational Omni RENDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$97.5
- Price spread: −0.290% → −0.195%
- −$9.55
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$117.05
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, just now; Variational Omni: RFQ quote, 16 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, just now | 8.52 bp | 15.9 bp −$16 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 5.44 bp | doesn't fit | 39.2 bp −$392 | 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 | 1.8710 | −0.330% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDERshort | −0.0061% | 4h | 1.8717 | −0.290% | $230K | $293K | — | |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8650 | −0.650% | $154K | $64K | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8707 | −0.344% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8740 | −0.170% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8747 | −0.131% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8748 | −0.130% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8723 | −0.261% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8750 | −0.117% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8727 | −0.240% | $539K | $1.0M | 50x | as long as short |
Injective RENDER/USDC PERP
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 | 1.8740 | −0.170% | $12.1M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8720 | −0.277% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8743 | −0.154% | $10.1M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8730 | −0.224% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8771 | −0.005% | $45K | $268K | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8734 | −0.202% | $31K | $175K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8758 | −0.074% | $48K | $322K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8730 | −0.224% | $595K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8733 | −0.207% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0403% | 1h | 1.8772 | long leg | $483K | $1.1M | 50x | |
| Phemex RENDERUSDT | +0.0574% | 8h | 1.8740 | −0.170% | $1.9M | $4.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.1230% | 1h | 1.8780 | +0.043% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Phemex RENDERUSDT
Hyperliquid RENDER