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 0.000%
Price spread now: ApeX Omni against Binance+0.019%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 3 days (all we have)+0.231%+$23 · spread now +0.019%, 7d avg +0.021%
Together, before fees+0.276%+$28 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.84540.0100pay 0.0050% / 4h1h 39m$12.2M$48.2M75x
ShortApeX Omni RENDERUSDT1.84580.0100get 0.0013% / 1h39m 04s$43K$268K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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: +0.019% → +0.021%
−$0.14
Slippage, 4 orders
−$35.65
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$55.78
Costs to cover
0.556%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; ApeX Omni: live order book, 43 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 Binance live order book, 3 min ago2.71 bp13.2 bp −$1327.9 bp −$279194.0 bp −$19.4Kdoesn't fit
Sell ApeX Omni live order book, 43 min ago6.93 bp15.2 bp −$15118.3 bp −$1,183doesn'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%1h1.8450−0.024%$6K$187K12xas long as short
Variational Omni RENDER−0.0291%4h1.8433−0.117%$222K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8458+0.019%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8434−0.111%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8466+0.064%$264K$177K20xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8454long leg$12.2M$48.2M75x
Bybit RENDERUSDT+0.0100%4h1.8423−0.170%$12.0M$14.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8450−0.024%$3.1M$8.5M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8443−0.062%$537K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8440−0.078%$11.9M$10.4M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8430−0.132%$5.0M$12.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8443−0.062%$9.9M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8440−0.078%$4.4Mas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8458+0.019%$43K$268K50x
Phemex RENDERUSDT+0.0100%8h1.8440−0.078%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8447−0.042%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8459+0.025%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8440−0.078%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8670+1.168%$154K$67K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0904%1h1.8443−0.062%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0579%1h1.8470+0.084%$471K$1.1M50xas long as short
Hyperliquid RENDER+0.0696%1h1.8474+0.104%$4.2M$3.6M5xas long as short