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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against ApeX Omni+0.064%63s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$630.634% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.064%, 7d avg +0.005%
Together, before fees−0.386%−$39 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: Bitget is 0.060% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.86180.0100pay 0.0013% / 1h42m 28s$44K$265K50x
ShortBitget RENDERUSDT1.86300.0100get 0.0050% / 4h2h 42m$10.0M$10.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.064% → +0.005%
$5.97
Slippage, 4 orders
−$41.38
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$57.41
Costs to cover
0.634%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 44 min ago; Bitget: live order book, 1 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, 44 min ago9.76 bp17.5 bp −$17129.0 bp −$1,290doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.76 bp17.3 bp −$1732.3 bp −$323doesn'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−0.0440%1h1.8630+0.064%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.204%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8610−0.043%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0126%1h1.8623+0.027%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629+0.061%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8640+0.118%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8632+0.077%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8630+0.064%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8617−0.005%$545K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8630+0.064%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.043%$5.2M$13.0M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.8630+0.064%$10.0M$10.4M50x
BingX RENDER-USDT+0.0100%4h1.8620+0.011%$4.3Mas long as short
ApeX Omni RENDERUSDTlong+0.0100%1h1.8618long leg$44K$265K50x
Phemex RENDERUSDT+0.0100%8h1.8610−0.043%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8634+0.087%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615−0.016%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.150%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8624+0.031%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.258%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0746%1h1.8650+0.170%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1029%1h1.8651+0.177%$4.2M$4.3M5xas long as short