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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against Aster+0.131%69s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$950.948% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.009%−$1 on $10k
Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.131%, 7d avg −0.048%
Together, before fees−0.078%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: ApeX Omni is 0.179% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.83300.0100pay 0.0050% / 4h2h 52m$265K$141K20x
ShortApeX Omni RENDERUSDT1.83540.0100get 0.0013% / 1h52m 18s$46K$269K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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: +0.131% → −0.048%
$17.92
Slippage, 4 orders
−$76.81
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.89
Costs to cover
0.948%
Break-even
never at this rate
Slippage from Aster: live order book, 14 min ago; ApeX Omni: live order book, 15 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 Aster live order book, 14 min ago10.75 bp30.9 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 15 min ago8.33 bp19.4 bp −$19131.4 bp −$1,314doesn'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−0.0344%1h1.8300−0.164%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8327−0.016%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8293−0.202%$10K$30K25xas long as short
Variational Omni RENDER+0.0085%4h1.8222−0.588%$224K$279Kas long as short
Aster RENDERUSDTlong+0.0100%4h1.8330long leg$265K$141K20x
Binance RENDERUSDT+0.0100%4h1.8307−0.126%$12.1M$46.3M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8295−0.191%$11.8M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8290−0.218%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8319−0.060%$544K$1.0M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8310−0.109%$11.0M$10.8M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.83300.000%$4.7M$12.2M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8308−0.120%$9.8M$10.7M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8310−0.109%$3.9Mas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8354+0.131%$46K$269K50x
Phemex RENDERUSDT+0.0100%8h1.8310−0.109%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8296−0.184%$28K$201K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0168%1h1.8250−0.436%$149K$64K50xas long as short
Phoenix RENDER+0.0217%1h1.8384+0.295%$47K$297K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8280−0.273%$589K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8292−0.210%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0672%1h1.8318−0.065%$472K$1.0M50xas long as short
Hyperliquid RENDER+0.0748%1h1.8348+0.098%$4.2M$3.4M5xas long as short