Funding arb · Price arb /

RENDER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0330%/8h= −36.2% APRpaid last 24h +0.157%

Price spread now: dYdX against Aster+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.073% dearer against Aster than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RENDERUSDT	1.8513	0.0330	pay 0.0165% / 4h	51m 03s	$268K	$147K	20x
Short	dYdX RENDER-USD	1.8527	0	get 0.0000% / 1h	51m 03s	$19K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee AsterbpFee dYdXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$69.4
Price spread: +0.073% → 0.000%: $7.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$80.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 6 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 6 min ago	10.66 bp	44.2 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.0223%	1h	1.8640	+0.685%	$6K	$188K	12x	as long as short
dYdX RENDER-USDshort	0.0000%	1h	1.8527	+0.073%	$19K	$21K	5x
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8507	−0.033%	$11K	$30K	25x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8516	+0.013%	$12.3M	$47.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8500	−0.071%	$11.8M	$13.2M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8520	+0.037%	$3.1M	$8.2M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8501	−0.065%	$551K	$1.2M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8510	−0.017%	$13.0M	$11.2M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8530	+0.091%	$5.0M	$11.8M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8520	+0.037%	$10.1M	$10.8M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8520	+0.037%	—	$3.6M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8492	−0.115%	$263K	$313K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8596	+0.448%	$41K	$253K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8510	−0.017%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8504	−0.048%	$26K	$200K	10x	as long as short
Phoenix RENDER	+0.0299%	1h	1.8680	+0.902%	$48K	$315K	5x	as long as short
Aster RENDERUSDTlong	+0.0330%	4h	1.8513	long leg	$268K	$147K	20x
BloFin RENDER-USDT	+0.0340%	4h	1.8550	+0.199%	$586K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0366% / S −0.0912%	1h	1.8504	−0.047%	$15K	—	100x	as long as short
Hyperliquid RENDER	+0.0581%	1h	1.8538	+0.137%	$4.2M	$3.2M	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0720%	1h	1.8900	+2.090%	$155K	$57K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.1269%	1h	1.8533	+0.107%	$481K	$1.1M	50x	as long as short