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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment $1.20 per $10,000 · paid last 24h −0.070%
Price spread now: Aster against BloFin+0.146%52s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$900.900% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.367%−$37 on $10k
Price spread, last 3 days (all we have)+0.061%+$6 · spread now +0.146%, 7d avg +0.062%
Together, before fees−0.306%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.084% dearer against BloFin than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.062%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RENDER-USDT1.87200.0340pay 0.0170% / 4h2m 25s$592K$1.3M90x
ShortAster RENDERUSDT1.87470.0100get 0.0050% / 4h2m 25s$270K$164K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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
−$50.4
Price spread: +0.146% → +0.062%
$8.4
Slippage, 4 orders
−$70.01
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$132.01
Costs to cover
0.900%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Aster: live order book, 9 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 BloFin live order book, 5 min ago5.35 bp11.3 bp −$1118.3 bp −$18360.9 bp −$6,088doesn't fit
Sell Aster live order book, 9 min ago13.40 bp26.3 bp −$26doesn't fitdoesn'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
Variational Omni RENDER−0.0075%4h1.8632−0.467%$229K$293Kas long as short
dYdX RENDER-USD0.0000%1h1.8727+0.039%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8737+0.091%$11K$30K25xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8747+0.146%$270K$164K20x
Binance RENDERUSDT+0.0100%4h1.8748+0.151%$12.5M$46.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8730+0.053%$12.1M$13.3M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8750+0.160%$3.2M$8.4M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8736+0.085%$540K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8740+0.107%$12.1M$10.8M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8730+0.053%$5.2M$12.2M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8744+0.128%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8740+0.107%$4.1Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.87200.000%$45K$268K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8730+0.053%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8738+0.098%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.8700−0.107%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8742+0.118%$48K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8650−0.374%$154K$64K50xas long as short
BloFin RENDER-USDTlong+0.0340%4h1.8720long leg$592K$1.3M90x
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8748+0.147%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0591%1h1.8760+0.215%$483K$1.1M50xas long as short
Hyperliquid RENDER+0.1353%1h1.8791+0.379%$4.4M$3.4M5xas long as short