RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0563%/8h= +61.6% APRnext payment +$0.70 per $10,000 · paid last 24h +0.109%

Price spread now: Kraken Futures against Extended−0.174%7-day average +0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.603%+$60 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.174%, 7d avg +0.107%

Together, before fees+0.770%+ Points / potential airdropExtended: Active · farm board+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.281% cheaper against Extended than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of +0.107%). If the spread goes back, that is −$28 on $10k: about 40 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended RENDER-USD	1.8495	0.0104	pay 0.0013% / 1h	23m 32s	$28K	$197K	10x
Short	Kraken Futures PF_RENDERUSD	1.8463	0.0667	get 0.0083% / 1h	23m 32s	$485K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.174%Rate

Funding earned: $118.16
Price spread: −0.174% → +0.107%: −$28.11
Slippage, 4 orders: −$54.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $21.05
Costs to cover: 0.690%
Break-even: 5.8 days

Slippage from Extended: live order book, 43 min ago; Kraken Futures: live order book, 5 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 Extended live order book, 43 min ago	8.86 bp	21.3 bp −$21	246.7 bp −$2,467	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	10.56 bp	17.5 bp −$18	50.6 bp −$506	doesn't fit	doesn't fit

RENDER on 21 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	−0.0344%	1h	1.8430	−0.352%	$6K	$188K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8487	−0.046%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8436	−0.320%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8488	−0.037%	$267K	$143K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8490	−0.028%	$12.2M	$45.8M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8485	−0.055%	$11.8M	$12.9M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8510	+0.080%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8488	−0.039%	$566K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8490	−0.028%	$11.0M	$10.9M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8470	−0.136%	$4.9M	$12.0M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8497	+0.010%	$9.9M	$10.6M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8500	+0.026%	—	$3.8M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8442	−0.288%	$226K	$279K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8477	−0.098%	$46K	$258K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8440	−0.298%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USDlong	+0.0104%	1h	1.8495	long leg	$28K	$197K	10x
Coinbase International RENDER-PERP-INTX	+0.0168%	1h	1.8340	−0.839%	$150K	$58K	50x	as long as short
Phoenix RENDER	+0.0217%	1h	1.8477	−0.098%	$47K	$297K	5x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8420	−0.404%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSDshort	+0.0667%	1h	1.8463	−0.174%	$485K	$1.1M	50x
Hyperliquid RENDER	+0.0836%	1h	1.8515	+0.107%	$4.2M	$3.3M	5x	as long as short