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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against ApeX Omni−0.011%113s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$540.543% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.011%, 7d avg −0.046%
Together, before fees−0.133%−$13 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: BingX is 0.035% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.85720.0100pay 0.0013% / 1h37m 36s$43K$266K50x
ShortBingX RENDER-USDT1.85700.0100get 0.0050% / 4h37m 36s$4.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.011% → −0.046%
$3.53
Slippage, 4 orders
−$34.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$50.78
Costs to cover
0.543%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 39 min ago; BingX: live order book, 13 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, 39 min ago9.49 bp16.7 bp −$17107.7 bp −$1,077doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago2.69 bp7.7 bp −$814.0 bp −$14051.7 bp −$5,167doesn'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
Variational Omni RENDER−0.0088%4h1.8553−0.104%$224K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8568−0.023%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8562−0.054%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8589+0.091%$268K$166K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8563−0.050%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8544−0.151%$12.0M$13.5M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8570−0.011%$3.2M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8553−0.102%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8560−0.065%$12.3M$10.5M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8550−0.118%$5.1M$12.4M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8569−0.016%$10.0M$10.3M50xas long as short
BingX RENDER-USDTshort+0.0100%4h1.8570−0.011%$4.2M
ApeX Omni RENDERUSDTlong+0.0100%1h1.8572long leg$43K$266K50x
Phemex RENDERUSDT+0.0100%8h1.8560−0.065%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8566−0.035%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8540−0.172%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8597+0.135%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.711%$152K$65K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8560−0.065%$597K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8560−0.063%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0596%1h1.8587+0.082%$482K$1.1M50xas long as short
Hyperliquid RENDER+0.1786%1h1.8616+0.236%$4.3M$3.4M5xas long as short