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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin0.000%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$940.936% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.176%−$18 on $10k
Price spread, last 7 days−0.134%−$13 · spread now 0.000%, 7d avg −0.048%
Together, before fees−0.311%−$31 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: OKX is 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.82900.0100pay 0.0050% / 4h3h 31m$4.9M$11.3M50x
ShortOKX RENDER-USDT-SWAP1.82900.0100get 0.0050% / 4h3h 31m$3.1M$8.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: 0.000% → −0.048%
$4.77
Slippage, 4 orders
−$71.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$88.82
Costs to cover
0.936%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 1 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 ago2.73 bp24.6 bp −$2564.1 bp −$641doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.73 bp22.4 bp −$2262.4 bp −$624doesn'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%4h1.8287−0.016%$268K$155K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8275−0.084%$11.9M$47.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8270−0.109%$11.7M$13.2M50xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.82900.000%$3.1M$8.1M20x
Gate RENDER_USDT+0.0100%4h1.8263−0.148%$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%4h1.8287−0.016%$10.0M$10.7M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8270−0.109%$3.4Mas long as short
Variational Omni RENDER+0.0100%4h1.8262−0.154%$260K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8289−0.005%$40K$256K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.82900.000%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8267−0.128%$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