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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.195%
Price spread now: dYdX against Bitget−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.86160.0100pay 0.0050% / 4h2h 41m$10.0M$10.4M50x
ShortdYdX RENDER-USD1.86130get 0.0000% / 1h41m 46s$19K$21K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: −0.016% → 0.000%
−$1.61
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$44.61
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; dYdX: no order-book sample. Net counts fees only.

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, 2 min ago3.76 bp10.8 bp −$1118.8 bp −$188doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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+0.075%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.193%$223K$255Kas long as short
Bybit RENDERUSDT−0.0191%4h1.8590−0.140%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8636+0.107%$11K$33K25xas long as short
dYdX RENDER-USDshort0.0000%1h1.8613−0.016%$19K$21K5x
Aster RENDERUSDT+0.0100%4h1.8632+0.085%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8611−0.028%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8620+0.021%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8612−0.021%$545K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8610−0.032%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.032%$5.2M$13.0M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.8616long leg$10.0M$10.4M50x
BingX RENDER-USDT+0.0100%4h1.8610−0.032%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618+0.011%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8610−0.032%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8619+0.017%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615−0.005%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.140%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8640+0.128%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.247%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8653+0.196%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1002%1h1.8637+0.113%$4.2M$4.3M5xas long as short