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

RENDER

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.70 per $10,000 · paid last 24h +0.010%
Price spread now: Aster against Bybit+0.160%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.113% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.160%, 7d avg +0.168%
Together, before fees−0.023%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.168%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RENDERUSDT1.83400.0100pay 0.0050% / 4h29m 42s$11.7M$13.3M50x
ShortAster RENDERUSDT1.83690.0241get 0.0120% / 4h29m 42s$266K$151K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$29.57
Price spread: +0.160% → +0.168%
−$0.75
Slippage, 4 orders
−$92.34
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$82.52
Costs to cover
1.113%
Break-even
26.5 days
Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 27 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 Bybit live order book, 4 min ago2.73 bp19.0 bp −$1949.2 bp −$492doesn't fitdoesn't fit
Sell Aster live order book, 27 min ago10.66 bp34.5 bp −$34doesn'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
Injective RENDER/USDC PERP−0.0223%1h1.8200−0.763%$6K$188K12xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8324−0.087%$10K$30K25xas long as short
dYdX RENDER-USD+0.0078%1h1.8367+0.146%$19K$23K5xas long as short
Binance RENDERUSDT+0.0100%4h1.8350+0.055%$12.1M$47.4M75xas long as short
Bybit RENDERUSDTlong+0.0100%4h1.8340long leg$11.7M$13.3M50x
OKX RENDER-USDT-SWAP+0.0100%4h1.8370+0.164%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8356+0.087%$549K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8360+0.109%$12.6M$11.3M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8380+0.218%$4.9M$11.7M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8359+0.104%$10.0M$10.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8350+0.055%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8292−0.263%$261K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8345+0.027%$41K$252K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8320−0.109%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8349+0.047%$26K$200K10xas long as short
Aster RENDERUSDTshort+0.0241%4h1.8369+0.160%$266K$151K20x
Phoenix RENDER+0.0299%1h1.8343+0.016%$47K$315K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8330−0.055%$581K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0907%1h1.8319−0.115%$15K100xas long as short
Hyperliquid RENDER+0.0501%1h1.8398+0.316%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8450+0.600%$151K$55K50xas long as short
Kraken Futures PF_RENDERUSD+0.1282%1h1.8344+0.022%$477K$1.1M50xas long as short