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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin+0.107%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$970.967% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.188%−$19 on $10k
Price spread, last 7 days−0.229%−$23 · spread now +0.107%, 7d avg −0.052%
Together, before fees−0.416%−$42 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: OKX is 0.159% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.86500.0100pay 0.0050% / 4h3h 30m$5.2M$12.1M50x
ShortOKX RENDER-USDT-SWAP1.86700.0100get 0.0050% / 4h3h 30m$3.1M$8.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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: +0.107% → −0.052%
$15.88
Slippage, 4 orders
−$74.67
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$80.8
Costs to cover
0.967%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; OKX: 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 KuCoin live order book, 3 min ago2.68 bp37.3 bp −$3776.0 bp −$760doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago2.68 bp18.2 bp −$1842.5 bp −$425doesn'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−0.0213%1h1.8480−0.912%$6K$188K12xas long as short
Variational Omni RENDER−0.0078%4h1.8702+0.279%$230K$281Kas long as short
Coinbase International RENDER-PERP-INTX−0.0040%1h1.8660+0.054%$153K$64K50xas long as short
dYdX RENDER-USD0.0000%1h1.8666+0.087%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8670+0.107%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8683+0.178%$269K$147K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8670+0.107%$12.5M$46.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8643−0.038%$12.0M$13.2M50xas long as short
OKX RENDER-USDT-SWAPshort+0.0100%4h1.8670+0.107%$3.1M$8.3M20x
Gate RENDER_USDT+0.0100%4h1.86500.000%$536K$1.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC RENDER_USDT+0.0100%4h1.8660+0.054%$12.1M$10.8M200xas long as short
KuCoin RENDERUSDTMlong+0.0100%4h1.8650long leg$5.2M$12.1M50x
Bitget RENDERUSDT+0.0100%4h1.8675+0.134%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8660+0.054%$4.0Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8671+0.113%$46K$269K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8670+0.107%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8665+0.080%$29K$221K10xas long as short
Phoenix RENDER+0.0171%1h1.8689+0.209%$47K$324K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8710+0.322%$598K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8661+0.061%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0405%1h1.8696+0.247%$475K$1.0M50xas long as short
Hyperliquid RENDER+0.0761%1h1.8711+0.327%$4.3M$3.4M5xas long as short