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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.088%
Price spread now: BloFin against dYdX+0.067%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.067% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX RENDER-USD1.85480get 0.0000% / 1h34m 15s$19K$21K5x
ShortBloFin RENDER-USDT1.85600.0340get 0.0170% / 4h34m 15s$595K$1.2M90x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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
$71.4
Price spread: +0.067% → 0.000%
$6.69
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$56.09
Costs to cover
0.220%
Break-even
1.5 days
Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 3 min ago. 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 dYdX no order-book sample
Sell BloFin live order book, 3 min ago2.69 bp18.8 bp −$1929.7 bp −$29772.0 bp −$7,201doesn't fit
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
Variational Omni RENDER−0.0093%4h1.8543−0.025%$224K$296Kas long as short
dYdX RENDER-USDlong0.0000%1h1.8548long leg$19K$21K5x
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8528−0.106%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8542−0.031%$268K$166K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8538−0.053%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8530−0.095%$12.0M$13.5M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8550+0.013%$3.1M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8520−0.149%$535K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8530−0.095%$12.3M$10.5M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8520−0.149%$5.1M$12.4M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8549+0.008%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8540−0.041%$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8569+0.115%$43K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8550+0.013%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8525−0.121%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8550+0.013%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8589+0.223%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.580%$152K$65K50xas long as short
BloFin RENDER-USDTshort+0.0340%4h1.8560+0.067%$595K$1.2M90x
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8512−0.194%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0598%1h1.8551+0.018%$481K$1.1M50xas long as short
Hyperliquid RENDER+0.1749%1h1.8571+0.126%$4.3M$3.5M5xas long as short