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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate+0.028%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$990.985% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 7 days−0.040%−$4 · spread now +0.028%, 7d avg +0.013%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.81250.0100pay 0.0050% / 4h3h 08m$530K$1.3M50x
ShortMEXC RENDER_USDT1.81300.0100get 0.0050% / 4h3h 08m$12.3M$11.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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: +0.028% → +0.013%
$1.5
Slippage, 4 orders
−$83.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$97.01
Costs to cover
0.985%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 5 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 Gate live order book, 4 min ago3.29 bp42.3 bp −$42157.8 bp −$1,578doesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago2.74 bp2.7 bp −$39.3 bp −$9344.3 bp −$4,428200.5 bp −$100.3K

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−0.0572%1h1.8240+0.634%$11K$194K12xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0026%1h1.8135+0.055%$16K$35K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8144+0.105%$266K$155K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8139+0.078%$11.8M$47.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8120−0.028%$11.6M$13.1M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8140+0.083%$3.1M$8.0M20xas long as short
Gate RENDER_USDTlong+0.0100%4h1.8125long leg$530K$1.3M50x
MEXC RENDER_USDTshort+0.0100%4h1.8130+0.028%$12.3M$11.2M200x
KuCoin RENDERUSDTM+0.0100%4h1.8140+0.083%$4.8M$11.1M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8141+0.088%$9.9M$10.6M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8130+0.028%$3.4Mas long as short
Variational Omni RENDER+0.0100%4h1.8222+0.533%$259K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8264+0.767%$40K$250K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8140+0.083%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8134+0.050%$26K$197K10xas long as short
dYdX RENDER-USD+0.0174%1h1.8177+0.286%$18K$32K5xas long as short
Phoenix RENDER+0.0303%1h1.8256+0.723%$47K$326K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8220+0.524%$562K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0371% / S −0.0956%1h1.8123−0.012%$16K100xas long as short
Hyperliquid RENDER+0.0565%1h1.8145+0.110%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0616%1h1.8150+0.138%$151K$57K50xas long as short
Kraken Futures PF_RENDERUSD+0.1056%1h1.8157+0.178%$490K$1.2M50xas long as short