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: KuCoin against BingX0.000%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$730.727% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.073%+$7 · spread now 0.000%, 7d avg +0.078%
Together, before fees+0.083%+$8 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: KuCoin is 0.078% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.86100.0100pay 0.0050% / 4h2h 20m$4.3M
ShortKuCoin RENDERUSDTM1.86100.0100get 0.0050% / 4h2h 20m$5.1M$13.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → +0.078%
−$7.79
Slippage, 4 orders
−$50.66
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$80.45
Costs to cover
0.727%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 3 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 ago2.68 bp11.0 bp −$1120.1 bp −$20167.7 bp −$6,767642.7 bp −$321.4K
Sell KuCoin live order book, 3 min ago2.66 bp28.2 bp −$2861.5 bp −$615doesn'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%1h1.8670+0.322%$6K$141K12xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0285%1h1.8668+0.312%$11K$30K25xas long as short
Variational Omni RENDER−0.0275%4h1.8749+0.749%$238K$271Kas long as short
Bybit RENDERUSDT−0.0082%4h1.8580−0.161%$12.2M$14.6M50xas long as short
dYdX RENDER-USD0.0000%1h1.8619+0.048%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8605−0.025%$266K$196K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8615+0.027%$12.5M$49.2M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8620+0.054%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8607−0.016%$544K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.86100.000%$12.1M$10.3M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTMshort+0.0100%4h1.86100.000%$5.1M$13.0M50x
Bitget RENDERUSDT+0.0100%4h1.8614+0.021%$10.0M$10.3M50xas long as short
BingX RENDER-USDTlong+0.0100%4h1.8610long leg$4.3M
ApeX Omni RENDERUSDT+0.0100%1h1.8782+0.924%$45K$267K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8660+0.269%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8617+0.038%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8801+1.026%$41K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8700+0.484%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0362% / S −0.0904%1h1.8616+0.033%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8750+0.752%$155K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0743%1h1.8703+0.501%$489K$1.1M50xas long as short
Hyperliquid RENDER+0.0840%1h1.8660+0.269%$4.3M$3.7M5xas long as short