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: BingX against Bitget−0.032%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$600.599% 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−0.042%−$4 · spread now −0.032%, 7d avg −0.044%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.86960.0100pay 0.0050% / 4h58m 43s$10.2M$10.8M50x
ShortBingX RENDER-USDT1.86900.0100get 0.0050% / 4h58m 43s$3.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.032% → −0.044%
$1.17
Slippage, 4 orders
−$37.91
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$58.75
Costs to cover
0.599%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 6 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 Bitget live order book, 5 min ago2.94 bp16.6 bp −$1730.8 bp −$308doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago5.34 bp12.6 bp −$1319.7 bp −$19760.5 bp −$6,048doesn'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%1h1.8650−0.246%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8697+0.004%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8677−0.102%$11K$30K25xas long as short
Binance RENDERUSDT+0.0100%4h1.8710+0.075%$12.5M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8672−0.128%$11.9M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8690−0.032%$3.2M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8702+0.032%$571K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8700+0.021%$13.8M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8710+0.075%$5.1M$11.8M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.8696long leg$10.2M$10.8M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDTshort+0.0100%4h1.8690−0.032%$3.6M
Variational Omni RENDER+0.0100%4h1.8641−0.293%$265K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8674−0.118%$42K$253K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8680−0.086%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8687−0.049%$27K$200K10xas long as short
Phoenix RENDER+0.0259%1h1.8684−0.064%$48K$242K5xas long as short
Aster RENDERUSDT+0.0317%4h1.8730+0.182%$271K$144K20xas long as short
BloFin RENDER-USDT+0.0340%4h1.8690−0.032%$594K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0367% / S −0.0912%1h1.8660−0.193%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8900+1.091%$155K$57K50xas long as short
Hyperliquid RENDER+0.0774%1h1.8739+0.230%$4.2M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1257%1h1.8704+0.043%$486K$1.1M50xas long as short