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 +0.002%
Price spread now: Aster against KuCoin+0.186%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1101.096% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.186%, 7d avg +0.054%
Together, before fees−0.124%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.133% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.85500.0100pay 0.0050% / 4h36m 52s$5.1M$12.4M50x
ShortAster RENDERUSDT1.85850.0100get 0.0050% / 4h36m 52s$268K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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: +0.186% → +0.054%
$13.26
Slippage, 4 orders
−$89.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$96.32
Costs to cover
1.096%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 40 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, 2 min ago2.70 bp32.6 bp −$3374.5 bp −$745doesn't fitdoesn't fit
Sell Aster live order book, 40 min ago8.12 bp22.8 bp −$23doesn't fitdoesn'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
Variational Omni RENDER−0.0088%4h1.8553+0.014%$224K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8568+0.096%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8568+0.097%$11K$30K25xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8585+0.186%$268K$166K20x
Binance RENDERUSDT+0.0100%4h1.8566+0.085%$12.4M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8542−0.043%$12.0M$13.5M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8570+0.108%$3.1M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8554+0.022%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8560+0.054%$12.3M$10.5M200xas long as short
KuCoin RENDERUSDTMlong+0.0100%4h1.8550long leg$5.1M$12.4M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8569+0.102%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8560+0.054%$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8549−0.005%$43K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8570+0.108%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8558+0.046%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.85500.000%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8597+0.253%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.593%$152K$65K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590+0.216%$597K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8563+0.067%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0596%1h1.8597+0.251%$483K$1.1M50xas long as short
Hyperliquid RENDER+0.1781%1h1.8616+0.354%$4.3M$3.4M5xas long as short