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 0.000%
Price spread now: KuCoin against BingX+0.054%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$740.744% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.019%+$2 · spread now +0.054%, 7d avg +0.078%
Together, before fees+0.030%+$3 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: KuCoin is 0.024% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.86200.0100pay 0.0050% / 4h2h 41m$4.3M
ShortKuCoin RENDERUSDTM1.86300.0100get 0.0050% / 4h2h 41m$5.2M$13.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.054% → +0.078%
−$2.42
Slippage, 4 orders
−$52.4
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$76.82
Costs to cover
0.744%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; KuCoin: 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 BingX live order book, 9 min ago2.69 bp9.7 bp −$1015.3 bp −$15345.9 bp −$4,591582.3 bp −$291.1K
Sell KuCoin live order book, 3 min ago5.37 bp21.1 bp −$2163.6 bp −$636doesn'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%1h1.86200.000%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.214%$223K$255Kas long as short
Bybit RENDERUSDT−0.0191%4h1.86200.000%$12.2M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8643+0.124%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8613−0.038%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8640+0.107%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8640+0.107%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8640+0.107%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8619−0.005%$545K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8630+0.054%$12.0M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTMshort+0.0100%4h1.8630+0.054%$5.2M$13.0M50x
Bitget RENDERUSDT+0.0100%4h1.8639+0.102%$10.0M$10.3M50xas 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%8h1.86200.000%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8637+0.093%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8635+0.081%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8640+0.107%$604K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8641+0.114%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.269%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8666+0.246%$488K$1.1M50xas long as short
Hyperliquid RENDER+0.0996%1h1.8673+0.285%$4.3M$4.3M5xas long as short