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: OKX against MEXC+0.220%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$400.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 7 days−0.244%−$24 · spread now +0.220%, 7d avg +0.012%
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 0.207% dearer against MEXC than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.82100.0100pay 0.0050% / 4h2h 55m$11.0M$10.8M200x
ShortOKX RENDER-USDT-SWAP1.82500.0100get 0.0050% / 4h2h 55m$3.1M$8.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.220% → +0.012%
$20.75
Slippage, 4 orders
−$30.18
Fee MEXC: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$19.43
Costs to cover
0.402%
Break-even
never at this rate
Slippage from MEXC: live order book, 8 min ago; OKX: 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 MEXC live order book, 8 min ago2.70 bp2.7 bp −$39.2 bp −$9247.4 bp −$4,738215.9 bp −$107.9K
Sell OKX live order book, 3 min ago2.72 bp17.6 bp −$1861.4 bp −$614doesn'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−0.0344%1h1.8220+0.055%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8217+0.038%$18K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8201−0.049%$10K$30K25xas long as short
Variational Omni RENDER+0.0085%4h1.8222+0.067%$224K$279Kas long as short
Aster RENDERUSDT+0.0100%4h1.8220+0.056%$264K$142K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8237+0.147%$12.1M$46.3M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8230+0.110%$11.7M$13.0M50xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.8250+0.220%$3.1M$8.0M20x
Gate RENDER_USDT+0.0100%4h1.8206−0.022%$512K$1.0M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8210long leg$11.0M$10.8M200x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8220+0.055%$4.9M$12.1M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8245+0.192%$9.7M$10.6M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8220+0.055%$3.9Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8354+0.791%$46K$269K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8240+0.165%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8206−0.023%$28K$201K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0168%1h1.8250+0.220%$149K$64K50xas long as short
Phoenix RENDER+0.0171%1h1.8384+0.956%$47K$297K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8230+0.110%$585K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8203−0.036%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0675%1h1.8237+0.147%$469K$1.0M50xas long as short
Hyperliquid RENDER+0.0712%1h1.8235+0.137%$4.2M$3.4M5xas long as short