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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Gate−0.043%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1291.293% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$8 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.043%, 7d avg −0.041%
Together, before fees+0.111%+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.84110.0100pay 0.0050% / 4h8m 52s$545K$1.3M50x
ShortBybit RENDERUSDT1.84030.0100get 0.0050% / 4h8m 52s$11.8M$13.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.043% → −0.041%
−$0.22
Slippage, 4 orders
−$103.3
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$129.52
Costs to cover
1.293%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago4.86 bp49.1 bp −$49160.3 bp −$1,603doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.71 bp16.1 bp −$1643.8 bp −$438269.5 bp −$26.9Kdoesn'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−0.0223%1h1.8530+0.646%$12K$194K12xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8424+0.071%$12K$31K25xas long as short
dYdX RENDER-USD+0.0062%1h1.8407−0.024%$19K$23K5xas long as short
Binance RENDERUSDT+0.0100%4h1.8406−0.025%$12.1M$47.4M75xas long as short
Bybit RENDERUSDTshort+0.0100%4h1.8403−0.043%$11.8M$13.3M50x
OKX RENDER-USDT-SWAP+0.0100%4h1.8430+0.103%$3.1M$8.1M20xas long as short
Gate RENDER_USDTlong+0.0100%4h1.8411long leg$545K$1.3M50x
MEXC RENDER_USDT+0.0100%4h1.8390−0.114%$12.5M$11.3M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8430+0.103%$4.9M$11.6M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8413+0.011%$10.0M$10.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8410−0.005%$3.5Mas long as short
Variational Omni RENDER+0.0100%4h1.8487+0.411%$263K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8482+0.386%$41K$251K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8410−0.005%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8412+0.007%$30K$205K10xas long as short
Aster RENDERUSDT+0.0173%4h1.8420+0.048%$269K$153K20xas long as short
Phoenix RENDER+0.0299%1h1.8485+0.402%$47K$315K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8430+0.103%$572K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0907%1h1.8420+0.049%$15K100xas long as short
Hyperliquid RENDER+0.0592%1h1.8440+0.158%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8510+0.538%$153K$59K50xas long as short
Kraken Futures PF_RENDERUSD+0.1275%1h1.8442+0.167%$480K$1.1M50xas long as short