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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.056%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.667% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 7 days−0.045%−$4 · spread now +0.056%, 7d avg +0.042%
Together, before fees−0.114%−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.79500.0100pay 0.0050% / 4h2h 32m$5.2M
ShortBitget RENDERUSDT1.79600.0100get 0.0050% / 4h2h 32m$9.7M$10.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.056% → +0.042%
$1.37
Slippage, 4 orders
−$44.68
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$65.31
Costs to cover
0.667%
Break-even
never at this rate
Slippage from BingX: live order book, 2 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 BingX live order book, 2 min ago5.56 bp15.5 bp −$1621.7 bp −$21760.6 bp −$6,062918.3 bp −$459.2K
Sell Bitget live order book, 1 min ago1.39 bp21.8 bp −$2243.1 bp −$431doesn'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
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.7927−0.128%$18K$37K25xas long as short
dYdX RENDER-USD+0.0020%1h1.7917−0.183%$18K$32K5xas long as short
Aster RENDERUSDT+0.0100%4h1.7970+0.113%$267K$175K20xas long as short
Binance RENDERUSDT+0.0100%4h1.7949−0.007%$11.7M$47.5M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.7930−0.111%$11.5M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.79500.000%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.7934−0.089%$520K$1.3M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.7940−0.056%$11.3M$11.2M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.7960+0.056%$4.8M$11.0M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.7960+0.056%$9.7M$10.7M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDTlong+0.0100%4h1.7950long leg$5.2M
Variational Omni RENDER+0.0100%4h1.7952+0.012%$255K$314Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8034+0.468%$40K$250K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.7960+0.056%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.7945−0.026%$26K$194K10xas long as short
Injective RENDER/USDC PERP+0.0235%1h1.79500.000%$11K$194K12xas long as short
Phoenix RENDER+0.0264%1h1.7932−0.100%$46K$334K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.7930−0.111%$606K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0360% / S −0.0906%1h1.7924−0.145%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0584%1h1.8080+0.724%$150K$60K50xas long as short
Hyperliquid RENDER+0.0628%1h1.7957+0.039%$4.0M$3.3M5xas long as short
Kraken Futures PF_RENDERUSD+0.1248%1h1.7961+0.062%$462K$1.2M50xas long as short