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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against ApeX Omni−1.214%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$510.507% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 3 days (all we have)+1.067%+$107 · spread now −1.214%, 7d avg −0.048%
Together, before fees+1.132%+$113 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: BingX is 1.165% cheaper against ApeX Omni than usual: you would sell low and buy high, −$117 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.88690.0100pay 0.0013% / 1h10m 59s$47K$269K50x
ShortBingX RENDER-USDT1.86400.0100get 0.0050% / 4h3h 10m$3.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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: −1.214% → −0.048%
−$116.53
Slippage, 4 orders
−$30.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$167.2
Costs to cover
0.507%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 61 min ago; BingX: live order book, 9 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 ApeX Omni live order book, 61 min ago5.90 bp14.5 bp −$14119.2 bp −$1,192doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago2.67 bp10.9 bp −$1117.7 bp −$17764.1 bp −$6,413doesn'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−0.0213%1h1.8840−0.154%$6K$188K12xas long as short
Coinbase International RENDER-PERP-INTX−0.0040%1h1.8830−0.207%$155K$65K50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8629−1.272%$11K$30K25xas long as short
dYdX RENDER-USD0.0000%1h1.8647−1.177%$19K$21K5xas long as short
Variational Omni RENDER+0.0021%4h1.8622−1.309%$229K$279Kas long as short
Aster RENDERUSDT+0.0100%4h1.8650−1.161%$269K$146K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8641−1.211%$12.5M$46.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8620−1.320%$12.1M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8650−1.161%$3.2M$8.2M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8627−1.283%$526K$1.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC RENDER_USDT+0.0100%4h1.8630−1.267%$11.9M$10.9M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8630−1.267%$5.3M$12.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8652−1.150%$10.0M$10.5M50xas long as short
BingX RENDER-USDTshort+0.0100%4h1.8640−1.214%$3.9M
ApeX Omni RENDERUSDTlong+0.0100%1h1.8869long leg$47K$269K50x
Phemex RENDERUSDT+0.0100%8h1.8630−1.267%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8636−1.236%$29K$205K10xas long as short
Phoenix RENDER+0.0171%1h1.8727−0.753%$48K$324K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8660−1.108%$593K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8639−1.221%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0406%1h1.8657−1.123%$478K$1.1M50xas long as short
Hyperliquid RENDER+0.0848%1h1.8677−1.018%$4.3M$3.4M5xas long as short