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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance+0.040%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$570.569% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.110%+$11 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.040%, 7d avg −0.026%
Together, before fees+0.046%+$5 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 0.066% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.83730.0100pay 0.0050% / 4h2h 29m$12.1M$46.1M75x
ShortBingX RENDER-USDT1.83800.0100get 0.0050% / 4h2h 29m$3.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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: +0.040% → −0.026%
$6.56
Slippage, 4 orders
−$36.91
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$50.34
Costs to cover
0.569%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; BingX: live order book, 11 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 Binance live order book, 13 min ago2.75 bp12.4 bp −$1227.0 bp −$270249.1 bp −$24.9Kdoesn't fit
Sell BingX live order book, 11 min ago5.51 bp15.1 bp −$1528.2 bp −$28291.9 bp −$9,1931045.2 bp −$522.6K

RENDER on 21 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−0.0344%1h1.8340−0.178%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8403+0.165%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8390+0.094%$265K$142K20xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8373long leg$12.1M$46.1M75x
Bybit RENDERUSDT+0.0100%4h1.8361−0.064%$11.7M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8390+0.094%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8377+0.023%$561K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8370−0.015%$11.0M$10.9M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8370−0.015%$4.9M$12.1M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8383+0.056%$9.9M$10.6M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDTshort+0.0100%4h1.8380+0.040%$3.9M
Variational Omni RENDER+0.0100%4h1.8302−0.384%$225K$279Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8337−0.194%$46K$261K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8410+0.203%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8405+0.176%$28K$197K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0168%1h1.8340−0.178%$150K$60K50xas long as short
Phoenix RENDER+0.0217%1h1.8413+0.219%$47K$297K5xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0239%1h1.8405+0.176%$10K$30K25xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8363−0.055%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0668%1h1.8438+0.353%$470K$1.1M50xas long as short
Hyperliquid RENDER+0.0830%1h1.8402+0.159%$4.2M$3.4M5xas long as short