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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate+0.038%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1401.397% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.038%, 7d avg +0.020%
Together, before fees+0.203%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.86380.0100pay 0.0050% / 4h58m 03s$569K$1.2M50x
ShortExtended RENDER-USD1.86450.0104get 0.0013% / 1h58m 03s$27K$200K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.038% → +0.020%
$1.83
Slippage, 4 orders
−$119.74
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$137.07
Costs to cover
1.397%
Break-even
1149.2 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 63 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, 4 min ago3.48 bp47.2 bp −$47246.5 bp −$2,465doesn't fitdoesn't fit
Sell Extended live order book, 63 min ago11.63 bp21.9 bp −$2258.6 bp −$586doesn'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−0.0223%1h1.8650+0.064%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8697+0.316%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8641+0.016%$11K$30K25xas long as short
Binance RENDERUSDT+0.0100%4h1.8620−0.097%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8600−0.204%$11.8M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8620−0.097%$3.1M$8.2M20xas long as short
Gate RENDER_USDTlong+0.0100%4h1.8638long leg$569K$1.2M50x
MEXC RENDER_USDT+0.0100%4h1.8630−0.043%$13.8M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8660+0.118%$5.1M$11.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8648+0.054%$10.2M$10.8M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8630−0.043%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8641+0.017%$265K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8674+0.193%$42K$253K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8650+0.064%$1.9M$4.0M50xas long as short
Extended RENDER-USDshort+0.0104%1h1.8645+0.038%$27K$200K10x
Phoenix RENDER+0.0259%1h1.8684+0.247%$48K$242K5xas long as short
Aster RENDERUSDT+0.0317%4h1.8677+0.211%$270K$144K20xas long as short
BloFin RENDER-USDT+0.0340%4h1.8690+0.279%$594K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0367% / S −0.0912%1h1.8646+0.044%$16K100xas long as short
Hyperliquid RENDER+0.0534%1h1.8655+0.093%$4.2M$3.2M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8900+1.406%$155K$57K50xas long as short
Kraken Futures PF_RENDERUSD+0.1260%1h1.8662+0.131%$485K$1.1M50xas long as short