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 0.000%
Price spread now: Bitget against MEXC+0.038%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.335% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.038%, 7d avg +0.028%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.86100.0100pay 0.0050% / 4h2h 41m$12.1M$10.2M200x
ShortBitget RENDERUSDT1.86170.0100get 0.0050% / 4h2h 41m$10.0M$10.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.038% → +0.028%
$0.94
Slippage, 4 orders
−$21.49
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$32.54
Costs to cover
0.335%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago2.68 bp2.7 bp −$38.9 bp −$8939.4 bp −$3,937195.2 bp −$97.6K
Sell Bitget live order book, 2 min ago3.76 bp17.3 bp −$1732.3 bp −$323doesn'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%1h1.8630+0.107%$6K$141K12xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.161%$223K$255Kas long as short
Bybit RENDERUSDT−0.0208%4h1.8583−0.145%$12.1M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8636+0.140%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8629+0.104%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8639+0.156%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8611+0.007%$12.4M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8620+0.054%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8612+0.011%$545K$1.1M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8610long leg$12.1M$10.2M200x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.86100.000%$5.2M$13.0M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.8617+0.038%$10.0M$10.4M50x
BingX RENDER-USDT+0.0100%4h1.86100.000%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618+0.043%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.86100.000%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8619+0.050%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615+0.027%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8590−0.107%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8640+0.160%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.215%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8653+0.229%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1014%1h1.8645+0.188%$4.2M$4.3M5xas long as short