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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.077%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$710.706% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.077%, 7d avg −0.003%
Together, before fees−0.172%+ Points / potential airdropExtended: Active · farm board−$17 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: Extended is 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.86200.0100pay 0.0050% / 4h2h 42m$4.3M
ShortExtended RENDER-USD1.86340.0104get 0.0013% / 1h42m 37s$31K$178K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.077% → −0.003%
$7.97
Slippage, 4 orders
−$55.64
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$61.83
Costs to cover
0.706%
Break-even
522.3 days
Slippage from BingX: live order book, 7 min ago; Extended: 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 BingX live order book, 7 min ago2.69 bp9.7 bp −$1015.3 bp −$15345.9 bp −$4,591582.3 bp −$291.1K
Sell Extended live order book, 43 min ago12.23 bp24.8 bp −$2575.5 bp −$755doesn'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%4h1.8580−0.214%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8600−0.107%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0126%1h1.8623+0.016%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629+0.051%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8640+0.105%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8639+0.100%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8630+0.054%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8617−0.016%$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%4h1.8610−0.054%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8631+0.059%$10.0M$10.4M50xas long as short
BingX RENDER-USDTlong+0.0100%4h1.8620long leg$4.3M
ApeX Omni RENDERUSDT+0.0100%1h1.8618−0.011%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8610−0.054%$1.9M$4.0M50xas long as short
Extended RENDER-USDshort+0.0104%1h1.8634+0.077%$31K$178K10x
Phoenix RENDER+0.0173%1h1.8615−0.027%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.161%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8624+0.020%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.269%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0746%1h1.8650+0.159%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1043%1h1.8653+0.177%$4.2M$4.3M5xas long as short