Funding you earn now, next payment 02:00 UTC−0.0568%/8h= −62.1% APRpaid last 24h −0.110%
Price spread now: OKX against Kraken Futures+0.061%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−0.677%−$68 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.061%, 7d avg −0.070%
=The price spread pays, funding is against you. OKX is 0.132% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.070%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RENDERUSD | 1.8439 | 0.0668 | pay 0.0083% / 1h | 19m 59s | $488K | $1.1M | 50x |
| Short | OKX RENDER-USDT-SWAP | 1.8450 | 0.0100 | get 0.0050% / 4h | 2h 19m | $3.1M | $8.1M | 20x |
Kraken Futures PF_RENDERUSD
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$119.18
- Price spread: +0.061% → −0.070%
- $13.17
- Slippage, 4 orders
- −$64.6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$190.61
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; OKX: live order book, 3 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 OKX live order book, 3 min ago | 2.70 bp | 22.7 bp −$23 | 59.3 bp −$593 | 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 | +0.278% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8416 | −0.121% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8413 | −0.139% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8435 | −0.019% | $266K | $143K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8446 | +0.040% | $12.2M | $45.9M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8430 | −0.047% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8450 | +0.061% | $3.1M | $8.1M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8412 | −0.145% | $564K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | −0.047% | $11.0M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8430 | −0.047% | $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
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 | 1.8435 | −0.020% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8430 | −0.047% | — | $3.8M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8422 | −0.093% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8503 | +0.349% | $46K | $258K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.156% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8445 | +0.034% | $28K | $197K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.441% | $151K | $59K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8477 | +0.208% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8411 | −0.148% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.0668% | 1h | 1.8439 | long leg | $488K | $1.1M | 50x | |
| Hyperliquid RENDER | +0.0826% | 1h | 1.8452 | +0.072% | $4.2M | $3.3M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER