Funding you earn now, next payment 02:00 UTC−0.0568%/8h= −62.2% APRnext payment −$0.71 per $10,000 · paid last 24h −0.110%
Price spread now: ApeX Omni against Kraken Futures+0.355%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.561%−$56 on $10k
+Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.355%, 7d avg −0.060%
=The price spread pays, funding is against you. ApeX Omni is 0.415% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.355% now, against its 7-day average of −0.060%): +$41 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.561% in total) that is about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8438 | 0.0668 | pay 0.0083% / 1h | 20m 31s | $488K | $1.1M | 50x |
| Short | ApeX Omni RENDERUSDT | 1.8503 | 0.0100 | get 0.0013% / 1h | 20m 31s | $46K | $258K | 50x |
Kraken Futures PF_RENDERUSD
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX 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
- −$119.19
- Price spread: +0.355% → −0.060%
- $41.47
- Slippage, 4 orders
- −$61.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$159.12
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 47 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, 3 min ago | 11.07 bp | 23.5 bp −$23 | 51.8 bp −$518 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 47 min ago | 8.33 bp | 19.4 bp −$19 | 131.4 bp −$1,314 | 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 | 1.8490 | +0.284% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8416 | −0.115% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8407 | −0.166% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8439 | +0.007% | $266K | $143K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8412 | −0.140% | $12.1M | $45.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8401 | −0.199% | $11.8M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | −0.096% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8413 | −0.133% | $564K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8410 | −0.150% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8410 | −0.150% | $4.9M | $12.0M | 50x | 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_USDT
KuCoin RENDERUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8412 | −0.139% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8410 | −0.150% | — | $3.8M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8422 | −0.087% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8503 | +0.355% | $46K | $258K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.150% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8404 | −0.184% | $28K | $197K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.447% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8477 | +0.214% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8424 | −0.071% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0668% | 1h | 1.8438 | long leg | $488K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0824% | 1h | 1.8447 | +0.049% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER