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

RENDER

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.160%
Price spread now: KuCoin against dYdX−0.005%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
LongdYdX RENDER-USD1.84710get 0.0000% / 1h7m 08s$19K$21K5x
ShortKuCoin RENDERUSDTM1.84700.0100get 0.0050% / 4h2h 07m$4.9M$11.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: −0.005% → 0.000%
−$0.47
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1.47
Costs to cover
0.220%
Break-even
7.5 days
Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago2.70 bp24.8 bp −$2564.0 bp −$640doesn't fitdoesn'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 21 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−0.0344%1h1.8400−0.384%$6K$188K12xas long as short
dYdX RENDER-USDlong0.0000%1h1.8471long leg$19K$21K5x
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8464−0.037%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8464−0.035%$266K$141K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8460−0.059%$12.2M$45.3M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8456−0.080%$11.8M$12.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8480+0.049%$3.1M$8.0M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8463−0.043%$567K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8460−0.059%$11.0M$10.9M200xas long as short
KuCoin RENDERUSDTMshort+0.0100%4h1.8470−0.005%$4.9M$11.9M50x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8464−0.037%$9.9M$10.5M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8460−0.059%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8432−0.212%$227K$277Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8413−0.313%$46K$252K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8460−0.059%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8466−0.027%$26K$198K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0168%1h1.8520+0.266%$151K$52K50xas long as short
Phoenix RENDER+0.0217%1h1.8486+0.082%$47K$297K5xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8454−0.092%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0666%1h1.8490+0.105%$489K$1.1M50xas long as short
Hyperliquid RENDER+0.0841%1h1.8489+0.098%$4.2M$3.2M5xas long as short