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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.044%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$790.785% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days+0.183%+$18 · spread now −0.044%, 7d avg +0.031%
Together, before fees+0.263%+$26 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 0.075% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.80780.0100pay 0.0050% / 4h43m 36s$9.8M$10.7M50x
ShortKuCoin RENDERUSDTM1.80700.0100get 0.0050% / 4h43m 36s$4.8M$10.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.044% → +0.031%
−$7.52
Slippage, 4 orders
−$54.53
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$86.05
Costs to cover
0.785%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 5 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 ago1.93 bp18.0 bp −$1828.0 bp −$280doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago2.76 bp26.0 bp −$2657.8 bp −$578doesn'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−0.0131%1h1.8070−0.044%$11K$194K12xas long as short
dYdX RENDER-USD+0.0014%1h1.8066−0.064%$18K$22K5xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0082%1h1.8073−0.028%$18K$37K25xas long as short
Binance RENDERUSDT+0.0100%4h1.8077−0.005%$11.7M$46.2M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8070−0.044%$11.8M$12.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8090+0.066%$3.1M$8.2M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8051−0.149%$516K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8060−0.100%$11.0M$11.7M200xas long as short
KuCoin RENDERUSDTMshort+0.0100%4h1.8070−0.044%$4.8M$10.2M50x
Bitget RENDERUSDTlong+0.0100%4h1.8078long leg$9.8M$10.7M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8070−0.044%$5.1Mas long as short
Variational Omni RENDER+0.0100%4h1.8071−0.036%$256K$314Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8064−0.077%$40K$251K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8060−0.100%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8065−0.072%$25K$214K10xas long as short
Aster RENDERUSDT+0.0162%4h1.8081+0.014%$277K$189K20xas long as short
Phoenix RENDER+0.0266%1h1.8050−0.155%$46K$339K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8070−0.044%$604K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0906%1h1.8061−0.096%$15K100xas long as short
Hyperliquid RENDER+0.0426%1h1.8086+0.044%$4.1M$3.4M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0512%1h1.8060−0.100%$149K$61K50xas long as short
Kraken Futures PF_RENDERUSD+0.0734%1h1.8072−0.035%$423K$1.4M50xas long as short