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: BingX against Aster−0.022%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$830.825% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.022%, 7d avg −0.098%
Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · farm board−$4 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 0.076% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.83940.0100pay 0.0050% / 4h1h 50m$263K$182K20x
ShortBingX RENDER-USDT1.83900.0100get 0.0050% / 4h1h 50m$4.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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: −0.022% → −0.098%
$7.58
Slippage, 4 orders
−$64.51
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$74.93
Costs to cover
0.825%
Break-even
never at this rate
Slippage from Aster: live order book, 31 min ago; BingX: live order book, 14 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 Aster live order book, 31 min ago10.65 bp30.7 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago5.43 bp10.4 bp −$1017.4 bp −$17457.2 bp −$5,718doesn'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%1h1.8390−0.022%$6K$165K12xas long as short
Variational Omni RENDER−0.0355%4h1.8443+0.268%$222K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8398+0.022%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.83940.000%$10K$30K25xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8394long leg$263K$182K20x
Binance RENDERUSDT+0.0100%4h1.8395+0.007%$12.2M$48.6M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8360−0.185%$12.0M$14.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8380−0.077%$3.1M$8.5M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8400+0.032%$535K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8390−0.022%$11.4M$10.3M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8380−0.077%$5.0M$12.9M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8383−0.060%$9.8M$10.4M50xas long as short
BingX RENDER-USDTshort+0.0100%4h1.8390−0.022%$4.4M
ApeX Omni RENDERUSDT+0.0100%1h1.8410+0.087%$43K$268K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8400+0.032%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8391−0.016%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8408+0.076%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8370−0.131%$591K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8670+1.500%$154K$69K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0904%1h1.8393−0.006%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0580%1h1.8421+0.147%$468K$1.1M50xas long as short
Hyperliquid RENDER+0.0798%1h1.8427+0.179%$4.2M$3.6M5xas long as short