Funding you earn now, next payment 04:00 UTC+0.0227%/8h= +24.8% APRnext payment +$1.13 per $10,000 · paid last 24h +0.002%
Price spread now: Aster against KuCoin+0.021%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 5 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.021%, 7d avg +0.054%
=Together, before fees+0.011%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.054%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8450 | 0.0100 | pay 0.0050% / 4h | 49m 40s | $5.0M | $11.8M | 50x |
| Short | Aster RENDERUSDT | 1.8454 | 0.0327 | get 0.0163% / 4h | 49m 40s | $267K | $147K | 20x |
KuCoin RENDERUSDTM
Aster RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. 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
- $47.57
- Price spread: +0.021% → +0.054%
- −$3.34
- Slippage, 4 orders
- −$110.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$86.41
- Costs to cover
- 1.306%
- Break-even
- 19.7 days
Slippage from KuCoin: live order book, 4 min ago; Aster: live order book, 7 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 KuCoin live order book, 4 min ago | 2.69 bp | 27.4 bp −$27 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Aster live order book, 7 min ago | 10.66 bp | 34.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0223% | 1h | 1.8640 | +1.030% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8447 | −0.018% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8492 | +0.228% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8443 | −0.039% | $12.3M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8430 | −0.108% | $11.8M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8450 | 0.000% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8445 | −0.027% | $549K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8440 | −0.054% | $12.7M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.8450 | long leg | $5.0M | $11.8M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8447 | −0.016% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8450 | 0.000% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8492 | +0.226% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8596 | +0.791% | $41K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8490 | +0.217% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8447 | −0.015% | $26K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8680 | +1.247% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDTshort | +0.0327% | 4h | 1.8454 | +0.021% | $267K | $147K | 20x | |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8550 | +0.542% | $586K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0365% / S −0.0912% | 1h | 1.8489 | +0.209% | $15K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0587% | 1h | 1.8487 | +0.201% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8450 | 0.000% | $151K | $56K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1270% | 1h | 1.8509 | +0.319% | $481K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD