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 0.000%
Price spread now: MEXC against KuCoin−0.053%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$670.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.120%−$12 on $10k
Price spread, last 7 days−0.045%−$4 · spread now −0.053%, 7d avg −0.063%
Together, before fees−0.165%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.89300.0100pay 0.0050% / 4h1h 15m$5.2M$11.9M50x
ShortMEXC RENDER_USDT1.89200.0100get 0.0050% / 4h1h 15m$14.1M$11.1M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.053% → −0.063%
$1.04
Slippage, 4 orders
−$55.44
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$66.4
Costs to cover
0.674%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago2.64 bp41.8 bp −$4270.1 bp −$701doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago2.64 bp2.6 bp −$38.6 bp −$8654.2 bp −$5,419209.9 bp −$104.9K

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
dYdX RENDER-USD0.0000%1h1.8919−0.057%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0014%1h1.8957+0.143%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8920−0.053%$6K$188K12xas long as short
Binance RENDERUSDT+0.0100%4h1.8937+0.035%$12.6M$46.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8920−0.053%$12.1M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8940+0.053%$3.2M$8.4M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8926−0.021%$584K$1.2M50xas long as short
MEXC RENDER_USDTshort+0.0100%4h1.8920−0.053%$14.1M$11.1M200x
KuCoin RENDERUSDTMlong+0.0100%4h1.8930long leg$5.2M$11.9M50x
Bitget RENDERUSDT+0.0100%4h1.8935+0.026%$10.4M$10.7M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8920−0.053%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8941+0.060%$269K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8946+0.085%$44K$253K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8950+0.106%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8923−0.035%$28K$198K10xas long as short
Phoenix RENDER+0.0259%1h1.8957+0.143%$49K$246K5xas long as short
Aster RENDERUSDT+0.0262%4h1.8970+0.211%$275K$145K20xas long as short
BloFin RENDER-USDT+0.0340%4h1.89300.000%$593K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0369% / S −0.0912%1h1.8949+0.100%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0456%1h1.9130+1.057%$157K$57K50xas long as short
Hyperliquid RENDER+0.0876%1h1.8969+0.204%$4.3M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1410%1h1.8971+0.218%$491K$1.1M50xas long as short