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: MEXC against BingX0.000%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$260.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.110%−$11 on $10k
Price spread, last 7 days+0.048%+$5 · spread now 0.000%, 7d avg +0.014%
Together, before fees−0.062%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.85600.0100pay 0.0050% / 4h37m 20s$4.2M
ShortMEXC RENDER_USDT1.85600.0100get 0.0050% / 4h37m 20s$12.3M$10.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: 0.000% → +0.014%
−$1.42
Slippage, 4 orders
−$15.85
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$27.26
Costs to cover
0.258%
Break-even
never at this rate
Slippage from BingX: live order book, 13 min ago; MEXC: 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, 13 min ago2.69 bp12.8 bp −$1320.0 bp −$20063.0 bp −$6,304704.6 bp −$352.3K
Sell MEXC live order book, 1 min ago2.69 bp2.7 bp −$36.9 bp −$6932.4 bp −$3,245184.3 bp −$92.2K

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
Variational Omni RENDER−0.0088%4h1.8553−0.039%$224K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8568+0.042%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8562+0.011%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8589+0.159%$268K$166K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8571+0.061%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8545−0.081%$12.0M$13.5M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8570+0.054%$3.2M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8553−0.038%$536K$1.1M50xas long as short
MEXC RENDER_USDTshort+0.0100%4h1.85600.000%$12.3M$10.5M200x
KuCoin RENDERUSDTM+0.0100%4h1.8550−0.054%$5.1M$12.4M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8576+0.086%$10.0M$10.3M50xas long as short
BingX RENDER-USDTlong+0.0100%4h1.8560long leg$4.2M
ApeX Omni RENDERUSDT+0.0100%1h1.8549−0.059%$43K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.85600.000%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8566+0.030%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8540−0.108%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8597+0.199%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.647%$152K$65K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.85600.000%$597K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8560+0.001%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0596%1h1.8587+0.147%$482K$1.1M50xas long as short
Hyperliquid RENDER+0.1784%1h1.8619+0.318%$4.3M$3.4M5xas long as short