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% APRpaid last 24h 0.000%
Price spread now: Gate against ApeX Omni+0.048%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 3 days (all we have)−0.295%−$30 · spread now +0.048%, 7d avg −0.065%
Together, before fees−0.386%−$39 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: Gate is 0.114% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.87200.0100pay 0.0013% / 1h3m 28s$45K$268K50x
ShortGate RENDER_USDT1.87290.0100get 0.0050% / 4h3m 28s$540K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.048% → −0.065%
$11.35
Slippage, 4 orders
−$100.59
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$114.24
Costs to cover
1.256%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 9 min ago; Gate: live order book, 4 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, 9 min ago5.90 bp14.5 bp −$14119.2 bp −$1,192doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.49 bp45.9 bp −$46187.5 bp −$1,875doesn'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
Variational Omni RENDER−0.0075%4h1.8632−0.467%$229K$293Kas long as short
dYdX RENDER-USD0.0000%1h1.8727+0.039%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8735+0.080%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8739+0.102%$270K$164K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8741+0.115%$12.5M$46.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8730+0.053%$12.1M$13.4M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8740+0.107%$3.2M$8.4M20xas long as short
Gate RENDER_USDTshort+0.0100%4h1.8729+0.048%$540K$1.1M50x
MEXC RENDER_USDT+0.0100%4h1.8730+0.053%$12.1M$10.7M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.87200.000%$5.2M$12.2M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8740+0.107%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8740+0.107%$4.1Mas long as short
ApeX Omni RENDERUSDTlong+0.0100%1h1.8720long leg$45K$268K50x
Phemex RENDERUSDT+0.0100%8h1.8730+0.053%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8735+0.082%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8670−0.267%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8742+0.118%$48K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8650−0.374%$154K$64K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8740+0.107%$595K$1.3M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8736+0.085%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0591%1h1.8756+0.193%$482K$1.1M50xas long as short
Hyperliquid RENDER+0.1360%1h1.8782+0.333%$4.4M$3.4M5xas long as short