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

RENDER

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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: KuCoin against MEXC+0.108%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$550.548% 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+0.001%$0 · spread now +0.108%, 7d avg +0.063%
Together, before fees+0.122%+$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: KuCoin is 0.045% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.84400.0100pay 0.0050% / 4h3m 09s$12.5M$11.3M200x
ShortKuCoin RENDERUSDTM1.84600.0100get 0.0050% / 4h3m 09s$4.9M$11.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.108% → +0.063%
$4.54
Slippage, 4 orders
−$42.77
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$50.23
Costs to cover
0.548%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago2.71 bp2.7 bp −$39.1 bp −$9151.5 bp −$5,146220.2 bp −$110.1K
Sell KuCoin live order book, 5 min ago2.71 bp26.6 bp −$2769.2 bp −$692doesn'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−0.0223%1h1.8530+0.488%$12K$194K12xas long as short
dYdX RENDER-USD+0.0055%1h1.8419−0.116%$19K$23K5xas long as short
Binance RENDERUSDT+0.0100%4h1.8444+0.019%$12.1M$47.3M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8436−0.022%$11.8M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8470+0.163%$3.1M$8.2M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8437−0.016%$546K$1.3M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8440long leg$12.5M$11.3M200x
KuCoin RENDERUSDTMshort+0.0100%4h1.8460+0.108%$4.9M$11.5M50x
Bitget RENDERUSDT+0.0100%4h1.8452+0.065%$10.0M$10.8M50xas long as short
BingX RENDER-USDT+0.0100%4h1.84400.000%$3.4Mas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RENDER+0.0100%4h1.8412−0.153%$262K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8422−0.098%$41K$251K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.84400.000%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8438−0.012%$30K$205K10xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0130%1h1.8448+0.043%$12K$31K25xas long as short
Aster RENDERUSDT+0.0149%4h1.8441+0.005%$270K$153K20xas long as short
Phoenix RENDER+0.0299%1h1.8442+0.011%$47K$315K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8460+0.108%$572K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0907%1h1.84400.000%$15K100xas long as short
Hyperliquid RENDER+0.0584%1h1.8462+0.121%$4.2M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8430−0.054%$153K$59K50xas long as short
Kraken Futures PF_RENDERUSD+0.1273%1h1.8465+0.138%$481K$1.1M50xas long as short