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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin−0.005%82s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$940.943% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.005%, 7d avg +0.004%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.82900.0100pay 0.0050% / 4h3h 32m$4.9M$11.3M50x
ShortApeX Omni RENDERUSDT1.82890.0100get 0.0013% / 1h32m 00s$40K$256K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: −0.005% → +0.004%
−$0.94
Slippage, 4 orders
−$72.33
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$95.27
Costs to cover
0.943%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 20 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 KuCoin live order book, 1 min ago2.73 bp24.6 bp −$2564.1 bp −$641doesn't fitdoesn't fit
Sell ApeX Omni live order book, 20 min ago10.27 bp18.9 bp −$19129.3 bp −$1,293doesn'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−0.0572%1h1.8310+0.109%$12K$194K12xas long as short
dYdX RENDER-USD+0.0060%1h1.8287−0.018%$19K$23K5xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0078%1h1.8281−0.049%$13K$33K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8289−0.004%$268K$155K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8272−0.097%$11.9M$47.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8263−0.148%$11.7M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8280−0.055%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8276−0.077%$535K$1.3M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8270−0.109%$12.4M$11.2M200xas long as short
KuCoin RENDERUSDTMlong+0.0100%4h1.8290long leg$4.9M$11.3M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8286−0.022%$10.0M$10.7M50xas long as short
BingX RENDER-USDT+0.0100%4h1.82900.000%$3.4Mas long as short
Variational Omni RENDER+0.0100%4h1.8262−0.154%$260K$313Kas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8289−0.005%$40K$256K50x
Phemex RENDERUSDT+0.0100%8h1.82900.000%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8275−0.084%$26K$201K10xas long as short
Phoenix RENDER+0.0303%1h1.8308+0.098%$47K$326K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8300+0.055%$567K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0372% / S −0.0956%1h1.8274−0.086%$16K100xas long as short
Hyperliquid RENDER+0.0579%1h1.8299+0.049%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0616%1h1.8430+0.765%$153K$58K50xas long as short
Kraken Futures PF_RENDERUSD+0.1047%1h1.8305+0.085%$496K$1.2M50xas long as short