Funding you earn now, next payment 22:00 UTC−0.0648%/8h= −70.9% APRpaid last 24h −0.093%
Price spread now: MEXC against Kraken Futures−0.317%51s7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.583%−$58 on $10k
+Price spread, last 3 days (all we have)+0.445%+$44 · spread now −0.317%, 7d avg −0.098%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and MEXC is 0.219% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.098%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8599 | 0.0748 | pay 0.0093% / 1h | 12m 20s | $481K | $1.1M | 50x |
| Short | MEXC RENDER_USDT | 1.8540 | 0.0100 | get 0.0050% / 4h | 2h 12m | $12.0M | $10.4M | 200x |
Kraken Futures PF_RENDERUSD
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$136
- Price spread: −0.317% → −0.098%
- −$21.91
- Slippage, 4 orders
- −$31.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$199.52
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; MEXC: live order book, 6 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, 1 min ago | 11.30 bp | 17.8 bp −$18 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 2.69 bp | 2.7 bp −$3 | 8.8 bp −$88 | 40.1 bp −$4,013 | 199.4 bp −$99.7K |
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 | −0.0440% | 1h | 1.8600 | +0.006% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0337% | 4h | 1.8519 | −0.429% | $221K | $294K | — | as long as short |
| Bybit RENDERUSDT | −0.0036% | 4h | 1.8520 | −0.424% | $12.1M | $14.5M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8579 | −0.109% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8575 | −0.129% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8566 | −0.176% | $265K | $186K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8549 | −0.267% | $12.4M | $48.7M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8550 | −0.263% | $3.2M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8554 | −0.242% | $542K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8540 | −0.317% | $12.0M | $10.4M | 200x |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8540 | −0.317% | $5.1M | $13.1M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8546 | −0.285% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8550 | −0.263% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8640 | +0.221% | $45K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8570 | −0.156% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8549 | −0.268% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8627 | +0.151% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8600 | +0.006% | $603K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8552 | −0.252% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8670 | +0.382% | $154K | $69K | 50x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0748% | 1h | 1.8599 | long leg | $481K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0833% | 1h | 1.8585 | −0.074% | $4.2M | $3.7M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER