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: OKX against Aster−0.159%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$930.926% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.014%−$1 on $10k
Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.159%, 7d avg −0.060%
Together, before fees+0.189%+ Points / potential airdropAster: Stage 5 · farm board+$19 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: OKX is 0.099% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.84790.0100pay 0.0050% / 4h1h 38m$264K$177K20x
ShortOKX RENDER-USDT-SWAP1.84500.0100get 0.0050% / 4h1h 38m$3.1M$8.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.159% → −0.060%
−$9.87
Slippage, 4 orders
−$74.58
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$102.45
Costs to cover
0.926%
Break-even
never at this rate
Slippage from Aster: live order book, 43 min ago; OKX: 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 Aster live order book, 43 min ago10.65 bp30.7 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.71 bp17.1 bp −$1756.0 bp −$560doesn'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−0.0576%1h1.8450−0.159%$6K$187K12xas long as short
Variational Omni RENDER−0.0291%4h1.8433−0.252%$222K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8458−0.116%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8434−0.246%$11K$30K25xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8479long leg$264K$177K20x
Binance RENDERUSDT+0.0100%4h1.8450−0.159%$12.2M$48.2M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8424−0.300%$12.0M$14.0M50xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.8450−0.159%$3.1M$8.5M20x
Gate RENDER_USDT+0.0100%4h1.8444−0.191%$537K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8450−0.159%$11.9M$10.4M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8430−0.267%$5.0M$12.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8452−0.148%$9.9M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8450−0.159%$4.4Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8458−0.116%$43K$268K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8440−0.213%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8447−0.178%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8459−0.110%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8440−0.213%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8670+1.031%$154K$67K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0904%1h1.8443−0.197%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0579%1h1.8470−0.052%$471K$1.1M50xas long as short
Hyperliquid RENDER+0.0696%1h1.8474−0.031%$4.2M$3.6M5xas long as short