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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Aster−0.054%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$900.900% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.014%−$1 on $10k
Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.054%, 7d avg −0.060%
Together, before fees+0.103%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.86400.0100pay 0.0050% / 4h2h 42m$271K$189K20x
ShortOKX RENDER-USDT-SWAP1.86300.0100get 0.0050% / 4h2h 42m$3.2M$8.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.054% → −0.060%
$0.61
Slippage, 4 orders
−$72.02
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$89.4
Costs to cover
0.900%
Break-even
never at this rate
Slippage from Aster: live order book, 44 min ago; OKX: live order book, 6 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, 44 min ago8.13 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 6 min ago2.69 bp20.1 bp −$2052.6 bp −$526doesn'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%1h1.8630−0.054%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.321%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8603−0.198%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8636−0.021%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629−0.057%$19K$21K5xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8640long leg$271K$189K20x
Binance RENDERUSDT+0.0100%4h1.86400.000%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.8630−0.054%$3.2M$8.8M20x
Gate RENDER_USDT+0.0100%4h1.8621−0.102%$545K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8630−0.054%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.161%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8638−0.011%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8630−0.054%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618−0.118%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8610−0.161%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8636−0.021%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615−0.134%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.268%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8640−0.001%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.376%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8653+0.067%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1029%1h1.8651+0.059%$4.2M$4.3M5xas long as short