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

RENDER

all RENDER markets
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 +0.009%
Price spread now: Gate against Bybit+0.022%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1311.315% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.098%−$10 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.022%, 7d avg +0.040%
Together, before fees−0.114%−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RENDERUSDT1.79300.0100pay 0.0050% / 4h2h 32m$11.5M$13.2M50x
ShortGate RENDER_USDT1.79340.0100get 0.0050% / 4h2h 32m$520K$1.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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: +0.022% → +0.040%
−$1.81
Slippage, 4 orders
−$105.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$133.31
Costs to cover
1.315%
Break-even
never at this rate
Slippage from Bybit: live order book, 10 min ago; Gate: live order book, 4 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 Bybit live order book, 10 min ago5.54 bp15.6 bp −$1636.7 bp −$367doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago5.84 bp57.0 bp −$57169.6 bp −$1,696doesn'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
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.7927−0.017%$18K$37K25xas long as short
dYdX RENDER-USD+0.0020%1h1.7917−0.072%$18K$32K5xas long as short
Aster RENDERUSDT+0.0100%4h1.7970+0.224%$267K$175K20xas long as short
Binance RENDERUSDT+0.0100%4h1.7949+0.105%$11.7M$47.5M75xas long as short
Bybit RENDERUSDTlong+0.0100%4h1.7930long leg$11.5M$13.2M50x
OKX RENDER-USDT-SWAP+0.0100%4h1.7950+0.112%$3.1M$8.1M20xas long as short
Gate RENDER_USDTshort+0.0100%4h1.7934+0.022%$520K$1.3M50x
MEXC RENDER_USDT+0.0100%4h1.7940+0.056%$11.3M$11.2M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.7960+0.167%$4.8M$11.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.7960+0.167%$9.7M$10.7M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.7950+0.112%$5.2Mas long as short
Variational Omni RENDER+0.0100%4h1.7952+0.124%$255K$314Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8034+0.580%$40K$250K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.7960+0.167%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.7945+0.086%$26K$194K10xas long as short
Injective RENDER/USDC PERP+0.0235%1h1.7950+0.112%$11K$194K12xas long as short
Phoenix RENDER+0.0264%1h1.7932+0.011%$46K$334K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.79300.000%$606K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0360% / S −0.0906%1h1.7924−0.034%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0584%1h1.8080+0.837%$150K$60K50xas long as short
Hyperliquid RENDER+0.0628%1h1.7957+0.151%$4.0M$3.3M5xas long as short
Kraken Futures PF_RENDERUSD+0.1248%1h1.7961+0.174%$462K$1.2M50xas long as short