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 0.000%
Price spread now: Bitget against BingX+0.033%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.566% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.033%, 7d avg +0.042%
Together, before fees−0.074%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.84600.0100pay 0.0050% / 4h1h 54m$4.4M
ShortBitget RENDERUSDT1.84660.0100get 0.0050% / 4h1h 54m$9.9M$10.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.033% → +0.042%
−$0.96
Slippage, 4 orders
−$34.56
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$57.52
Costs to cover
0.566%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: 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 BingX live order book, 10 min ago5.43 bp15.1 bp −$1522.1 bp −$22179.8 bp −$7,984696.9 bp −$348.5K
Sell Bitget live order book, 4 min ago2.45 bp12.7 bp −$1331.6 bp −$316doesn'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%1h1.8450−0.054%$6K$165K12xas long as short
Variational Omni RENDER−0.0355%4h1.8443−0.090%$222K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8467+0.035%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8472+0.065%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8480+0.108%$264K$181K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8470+0.053%$12.3M$48.6M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8450−0.054%$12.1M$14.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8470+0.054%$3.1M$8.6M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8461+0.005%$537K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8470+0.054%$11.7M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8450−0.054%$5.0M$12.9M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.8466+0.033%$9.9M$10.4M50x
BingX RENDER-USDTlong+0.0100%4h1.8460long leg$4.4M
ApeX Omni RENDERUSDT+0.0100%1h1.8403−0.309%$43K$268K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.84600.000%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8475+0.079%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8377−0.450%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8440−0.108%$595K$1.4M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8670+1.138%$154K$69K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0904%1h1.8463+0.015%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0578%1h1.8498+0.205%$470K$1.1M50xas long as short
Hyperliquid RENDER+0.0830%1h1.8506+0.249%$4.2M$3.6M5xas long as short