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 MEXC+0.054%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$610.612% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.054%, 7d avg +0.099%
Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.046% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.86300.0100pay 0.0050% / 4h2h 42m$12.1M$10.2M200x
ShortAster RENDERUSDT1.86400.0100get 0.0050% / 4h2h 42m$271K$189K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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: +0.054% → +0.099%
−$4.55
Slippage, 4 orders
−$53.2
Fee MEXC: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$65.75
Costs to cover
0.612%
Break-even
never at this rate
Slippage from MEXC: live order book, 6 min ago; Aster: live order book, 44 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 MEXC live order book, 6 min ago2.69 bp8.0 bp −$814.0 bp −$14049.0 bp −$4,902221.6 bp −$110.8K
Sell Aster live order book, 44 min ago8.13 bp17.9 bp −$18doesn'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
Injective RENDER/USDC PERP−0.0440%1h1.86300.000%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.268%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8603−0.145%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8636+0.032%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629−0.003%$19K$21K5xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8640+0.054%$271K$189K20x
Binance RENDERUSDT+0.0100%4h1.8640+0.054%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.86300.000%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8621−0.048%$545K$1.1M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8630long leg$12.1M$10.2M200x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.107%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8638+0.043%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.86300.000%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618−0.064%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8610−0.107%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8636+0.033%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615−0.081%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.215%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8640+0.053%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.322%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8653+0.121%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1029%1h1.8651+0.113%$4.2M$4.3M5xas long as short