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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance−0.043%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1211.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 7 days+0.057%+$6 · spread now −0.043%, 7d avg −0.027%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.87100.0100pay 0.0050% / 4h58m 42s$12.5M$47.0M75x
ShortGate RENDER_USDT1.87020.0100get 0.0050% / 4h58m 42s$571K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.043% → −0.027%
−$1.56
Slippage, 4 orders
−$96.11
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$122.67
Costs to cover
1.211%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Gate: live order book, 3 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, 13 min ago2.66 bp11.8 bp −$1227.2 bp −$272149.7 bp −$15.0Kdoesn't fit
Sell Gate live order book, 3 min ago3.48 bp47.7 bp −$48242.7 bp −$2,427doesn'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−0.0223%1h1.8650−0.321%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8697−0.070%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8677−0.176%$11K$30K25xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8710long leg$12.5M$47.0M75x
Bybit RENDERUSDT+0.0100%4h1.8672−0.203%$11.9M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8690−0.107%$3.2M$8.3M20xas long as short
Gate RENDER_USDTshort+0.0100%4h1.8702−0.043%$571K$1.2M50x
MEXC RENDER_USDT+0.0100%4h1.8700−0.053%$13.8M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.87100.000%$5.1M$11.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8696−0.075%$10.2M$10.8M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8690−0.107%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8641−0.368%$265K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8674−0.192%$42K$253K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8680−0.160%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8687−0.124%$27K$200K10xas long as short
Phoenix RENDER+0.0259%1h1.8684−0.139%$48K$242K5xas long as short
Aster RENDERUSDT+0.0317%4h1.8730+0.107%$271K$144K20xas long as short
BloFin RENDER-USDT+0.0340%4h1.8690−0.107%$594K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0367% / S −0.0912%1h1.8660−0.268%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8900+1.015%$155K$57K50xas long as short
Hyperliquid RENDER+0.0774%1h1.8739+0.155%$4.2M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1257%1h1.8704−0.032%$486K$1.1M50xas long as short