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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Extended against Aster−0.138%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1011.008% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.138%, 7d avg −0.096%
Together, before fees+0.096%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$10 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: Extended is 0.042% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.86140.0100pay 0.0050% / 4h2h 51m$271K$189K20x
ShortExtended RENDER-USD1.85880.0104get 0.0013% / 1h51m 56s$31K$178K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.138% → −0.096%
−$4.18
Slippage, 4 orders
−$87.85
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$104.18
Costs to cover
1.008%
Break-even
875.2 days
Slippage from Aster: live order book, 35 min ago; Extended: live order book, 34 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, 35 min ago8.13 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 34 min ago12.23 bp24.8 bp −$2575.5 bp −$755doesn'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−0.0440%1h1.8530−0.450%$6K$92K12xas long as short
Variational Omni RENDER−0.0181%4h1.8545−0.370%$223K$255Kas long as short
Deribit RENDER_USDC-PERPETUAL−0.0180%1h1.8602−0.063%$11K$33K25xas long as short
Bybit RENDERUSDT−0.0151%4h1.8560−0.289%$12.1M$14.6M50xas long as short
dYdX RENDER-USD0.0000%1h1.8620+0.032%$19K$21K5xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8614long leg$271K$189K20x
Binance RENDERUSDT+0.0100%4h1.8590−0.128%$12.3M$49.4M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8590−0.128%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8598−0.085%$544K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8580−0.182%$12.1M$10.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8590−0.128%$5.1M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8580−0.182%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8580−0.182%$4.3Mas long as short
Phemex RENDERUSDT+0.0100%8h1.8560−0.289%$1.9M$4.0M50xas long as short
Extended RENDER-USDshort+0.0104%1h1.8588−0.138%$31K$178K10x
Phoenix RENDER+0.0173%1h1.8607−0.037%$40K$336K5xas long as short
ApeX Omni RENDERUSDT+0.0175%1h1.8562−0.278%$44K$259K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8580−0.182%$597K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0340% / S −0.0785%1h1.8602−0.062%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.235%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0746%1h1.8627+0.072%$486K$1.1M50xas long as short
Hyperliquid RENDER+0.1050%1h1.8632+0.099%$4.3M$4.3M5xas long as short