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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h +0.158%
Price spread now: dYdX against Extended+0.044%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. dYdX is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RENDER-USD1.84590.0104pay 0.0013% / 1h15m 26s$31K$178K10x
ShortdYdX RENDER-USD1.84670get 0.0000% / 1h15m 26s$19K$21K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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
−$21.84
Price spread: +0.044% → 0.000%
$4.37
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$32.47
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago12.18 bp23.9 bp −$24193.8 bp −$1,938doesn'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−0.0576%1h1.8440−0.105%$6K$187K12xas long as short
Variational Omni RENDER−0.0268%4h1.8453−0.036%$223K$297Kas long as short
dYdX RENDER-USDshort0.0000%1h1.8467+0.044%$19K$21K5x
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8460+0.004%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8470+0.058%$267K$175K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8464+0.025%$12.2M$47.8M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8439−0.110%$12.0M$13.8M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8460+0.004%$3.1M$8.4M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8455−0.024%$534K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8460+0.004%$12.0M$10.5M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8440−0.105%$5.0M$12.7M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8465+0.031%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8460+0.004%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8439−0.110%$43K$267K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8440−0.105%$1.8M$3.9M50xas long as short
Extended RENDER-USDlong+0.0104%1h1.8459long leg$31K$178K10x
Phoenix RENDER+0.0131%1h1.8456−0.018%$47K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8430−0.159%$592K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8440−0.105%$152K$66K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8458−0.008%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0579%1h1.8481+0.115%$479K$1.1M50xas long as short
Hyperliquid RENDER+0.0665%1h1.8506+0.253%$4.2M$3.5M5xas long as short