Funding you earn now, next payment 02:00 UTC−0.0561%/8h= −61.4% APRnext payment −$0.70 per $10,000 · paid last 24h −0.109%
Price spread now: Extended against Kraken Futures−0.152%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.603%−$60 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.152%, 7d avg −0.107%
=Together, before fees−0.444%+ Points / potential airdropExtended: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8516 | 0.0665 | pay 0.0083% / 1h | 23m 22s | $486K | $1.1M | 50x |
| Short | Extended RENDER-USD | 1.8488 | 0.0104 | get 0.0013% / 1h | 23m 22s | $28K | $197K | 10x |
Kraken Futures PF_RENDERUSD
Extended RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$117.76
- Price spread: −0.152% → −0.107%
- −$4.45
- Slippage, 4 orders
- −$54.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$191.21
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 43 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, 5 min ago | 10.56 bp | 18.9 bp −$19 | 45.3 bp −$453 | doesn't fit | doesn't fit |
| Sell Extended live order book, 43 min ago | 8.86 bp | 11.4 bp −$11 | 49.6 bp −$496 | 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 | 1.8440 | −0.413% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8487 | −0.161% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8488 | −0.154% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8491 | −0.138% | $267K | $143K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8492 | −0.130% | $12.2M | $45.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8480 | −0.197% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8500 | −0.089% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8487 | −0.159% | $566K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8480 | −0.197% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8490 | −0.143% | $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 | 1.8500 | −0.089% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8490 | −0.143% | — | $3.8M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8442 | −0.402% | $226K | $279K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8477 | −0.213% | $46K | $258K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8440 | −0.413% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USDshort | +0.0104% | 1h | 1.8488 | −0.152% | $28K | $197K | 10x | |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.019% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8477 | −0.213% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8486 | −0.167% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0665% | 1h | 1.8516 | long leg | $486K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0836% | 1h | 1.8515 | −0.008% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER