Funding you earn now, next payment 00:00 UTC+0.0406%/8h= +44.5% APRnext payment +$2.03 per $10,000 · paid last 24h +0.053%
Price spread now: KuCoin against Variational Omni+0.039%7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.039%, 7d avg +0.137%
=Together, before fees+0.074%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.098% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.137%). If the spread goes back, that is −$10 on $10k: about 19 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.088% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RENDER | 1.8373 | −0.0306 | get 0.0153% / 4h | 1h 31m | $222K | $296K | — |
| Short | KuCoin RENDERUSDTM | 1.8380 | 0.0100 | get 0.0050% / 4h | 1h 31m | $5.0M | $12.8M | 50x |
Variational Omni RENDER
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Variational Omni. 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
- $85.31
- Price spread: +0.039% → +0.137%
- −$9.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $63.48
- Costs to cover
- 0.120%
- Break-even
- 1.8 days
Slippage unknown: Variational Omni: RFQ quote, 52 min ago; KuCoin: live order book, 2 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 Variational Omni RFQ quote, 52 min ago | 5.41 bp | doesn't fit | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.72 bp | 21.7 bp −$22 | 52.5 bp −$525 | 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 | −0.0576% | 1h | 1.8380 | +0.039% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDERlong | −0.0306% | 4h | 1.8373 | long leg | $222K | $296K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8387 | +0.078% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8391 | +0.099% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8410 | +0.202% | $263K | $172K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8400 | +0.146% | $12.2M | $48.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8400 | +0.148% | $12.0M | $13.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8410 | +0.202% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8383 | +0.055% | $535K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8410 | +0.202% | $11.8M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.8380 | +0.039% | $5.0M | $12.8M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8410 | +0.202% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8400 | +0.148% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8386 | +0.071% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8400 | +0.148% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8403 | +0.166% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8378 | +0.028% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8380 | +0.039% | $592K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.617% | $154K | $67K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0904% | 1h | 1.8393 | +0.108% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0581% | 1h | 1.8420 | +0.254% | $465K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0655% | 1h | 1.8422 | +0.267% | $4.2M | $3.6M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER