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: OKX against Gate+0.043%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1401.400% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.043%, 7d avg +0.062%
Together, before fees+0.160%+$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.86120.0100pay 0.0050% / 4h2h 42m$545K$1.1M50x
ShortOKX RENDER-USDT-SWAP1.86200.0100get 0.0050% / 4h2h 42m$3.2M$8.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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% → +0.062%
−$1.85
Slippage, 4 orders
−$114.96
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$141.81
Costs to cover
1.400%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago6.45 bp55.3 bp −$55165.7 bp −$1,657doesn't fitdoesn't fit
Sell OKX live order book, 6 min ago2.69 bp20.1 bp −$2052.6 bp −$526doesn'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−0.0440%1h1.8630+0.097%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.171%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8583−0.156%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8636+0.129%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629+0.094%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8639+0.146%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8611−0.003%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.8620+0.043%$3.2M$8.8M20x
Gate RENDER_USDTlong+0.0100%4h1.8612long leg$545K$1.1M50x
MEXC RENDER_USDT+0.0100%4h1.8610−0.011%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.011%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8617+0.027%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8610−0.011%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618+0.032%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8610−0.011%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8619+0.039%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615+0.016%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.118%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8640+0.150%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.226%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8653+0.218%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1014%1h1.8645+0.177%$4.2M$4.3M5xas long as short