Settings8H · net · $10k
Funding arb · Price arb /

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Aster against ApeX Omni+0.627%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$860.862% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.007%+$1 on $10k
Price spread, last 3 days (all we have)−0.729%−$73 · spread now +0.627%, 7d avg +0.050%
Together, before fees−0.722%+ Points / potential airdropAster: Stage 5 · farm board−$72 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.578% dearer against ApeX Omni than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.84030.0100pay 0.0013% / 1h24m 56s$43K$267K50x
ShortAster RENDERUSDT1.85180.0100get 0.0050% / 4h1h 24m$264K$176K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.627% → +0.050%
$57.76
Slippage, 4 orders
−$68.18
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$28.42
Costs to cover
0.862%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 57 min ago; Aster: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 57 min ago6.93 bp14.0 bp −$14110.6 bp −$1,106doesn't fitdoesn't fit
Sell Aster live order book, 57 min ago10.65 bp26.3 bp −$26doesn't fitdoesn't fitdoesn't fit

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RENDER/USDC PERP−0.0576%1h1.8400−0.016%$6K$187K12xas long as short
Variational Omni RENDER−0.0284%4h1.8403−0.002%$223K$297Kas long as short
dYdX RENDER-USD0.0000%1h1.8407+0.021%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8512+0.592%$11K$30K25xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8518+0.627%$264K$176K20x
Binance RENDERUSDT+0.0100%4h1.8510+0.581%$12.2M$48.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8490+0.473%$12.0M$13.9M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8510+0.581%$3.1M$8.5M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8502+0.538%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8510+0.581%$11.9M$10.5M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8500+0.527%$5.0M$12.7M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8517+0.619%$10.0M$10.5M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8510+0.581%$4.3Mas long as short
ApeX Omni RENDERUSDTlong+0.0100%1h1.8403long leg$43K$267K50x
Phemex RENDERUSDT+0.0100%8h1.8500+0.527%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8507+0.563%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8428+0.136%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8480+0.418%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8440+0.201%$152K$66K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8512+0.592%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0577%1h1.8539+0.739%$485K$1.1M50xas long as short
Hyperliquid RENDER+0.0632%1h1.8530+0.690%$4.2M$3.6M5xas long as short