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 OKX+0.046%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$910.914% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.046%, 7d avg +0.060%
Together, before fees−0.076%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RENDER-USDT-SWAP1.85100.0100pay 0.0050% / 4h1h 24m$3.1M$8.5M20x
ShortAster RENDERUSDT1.85180.0100get 0.0050% / 4h1h 24m$264K$176K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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: +0.046% → +0.060%
−$1.46
Slippage, 4 orders
−$73.44
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$92.9
Costs to cover
0.914%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Aster: live order book, 57 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 OKX live order book, 3 min ago2.72 bp17.0 bp −$1750.9 bp −$509doesn't fitdoesn't fit
Sell Aster live order book, 57 min ago10.65 bp26.3 bp −$26doesn'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−0.0576%1h1.8400−0.594%$6K$187K12xas long as short
Variational Omni RENDER−0.0284%4h1.8403−0.580%$223K$297Kas long as short
dYdX RENDER-USD0.0000%1h1.8407−0.557%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8512+0.011%$11K$30K25xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8518+0.046%$264K$176K20x
Binance RENDERUSDT+0.0100%4h1.85100.000%$12.2M$48.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8490−0.108%$12.0M$13.9M50xas long as short
OKX RENDER-USDT-SWAPlong+0.0100%4h1.8510long leg$3.1M$8.5M20x
Gate RENDER_USDT+0.0100%4h1.8502−0.043%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.85100.000%$11.9M$10.5M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8500−0.054%$5.0M$12.7M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8517+0.038%$10.0M$10.5M50xas long as short
BingX RENDER-USDT+0.0100%4h1.85100.000%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8403−0.578%$43K$267K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8500−0.054%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8507−0.019%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8428−0.443%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8480−0.162%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8440−0.378%$152K$66K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8512+0.010%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0577%1h1.8539+0.157%$485K$1.1M50xas long as short
Hyperliquid RENDER+0.0632%1h1.8530+0.108%$4.2M$3.6M5xas long as short