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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.081%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$9 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.081%, 7d avg +0.068%
Together, before fees+0.119%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.85020.0100pay 0.0050% / 4h1h 24m$536K$1.1M50x
ShortBitget RENDERUSDT1.85170.0100get 0.0050% / 4h1h 24m$10.0M$10.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: +0.081% → +0.068%
$1.33
Slippage, 4 orders
−$89.85
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$115.53
Costs to cover
1.169%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 3 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 Gate live order book, 2 min ago3.26 bp47.6 bp −$48182.3 bp −$1,823doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago3.26 bp11.9 bp −$1222.8 bp −$228doesn'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−0.0576%1h1.8400−0.551%$6K$187K12xas long as short
Variational Omni RENDER−0.0284%4h1.8403−0.537%$223K$297Kas long as short
dYdX RENDER-USD0.0000%1h1.8407−0.514%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8512+0.054%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8518+0.089%$264K$176K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8510+0.043%$12.2M$48.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8490−0.065%$12.0M$13.9M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8510+0.043%$3.1M$8.5M20xas long as short
Gate RENDER_USDTlong+0.0100%4h1.8502long leg$536K$1.1M50x
MEXC RENDER_USDT+0.0100%4h1.8510+0.043%$11.9M$10.5M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8500−0.011%$5.0M$12.7M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.8517+0.081%$10.0M$10.5M50x
BingX RENDER-USDT+0.0100%4h1.8510+0.043%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8403−0.535%$43K$267K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8500−0.011%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8507+0.024%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8428−0.400%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8480−0.119%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8440−0.335%$152K$66K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8512+0.053%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0577%1h1.8539+0.200%$485K$1.1M50xas long as short
Hyperliquid RENDER+0.0632%1h1.8530+0.151%$4.2M$3.6M5xas long as short