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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against MEXC+0.785%111s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.388% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.547%−$55 · spread now +0.785%, 7d avg +0.048%
Together, before fees−0.493%−$49 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: ApeX Omni is 0.737% dearer against MEXC than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.79700.0100pay 0.0050% / 4h49m 43s$10.6M$11.2M200x
ShortApeX Omni RENDERUSDT1.81110.0100get 0.0013% / 1h49m 43s$37K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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: +0.785% → +0.048%
$73.67
Slippage, 4 orders
−$28.78
Fee MEXC: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$34.89
Costs to cover
0.388%
Break-even
from the start
Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 55 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 MEXC live order book, 2 min ago2.78 bp5.3 bp −$511.1 bp −$11157.1 bp −$5,710228.2 bp −$114.1K
Sell ApeX Omni live order book, 55 min ago6.90 bp15.6 bp −$16120.4 bp −$1,204doesn't fitdoesn't fit

RENDER on 22 exchanges

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−0.0747%1h1.8070+0.556%$11K$194K12xas long as short
dYdX RENDER-USD0.0000%1h1.7985+0.084%$28K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8019+0.273%$22K$23K25xas long as short
Hyperliquid RENDER+0.0100%1h1.7990+0.111%$4.1M$2.4M5xas long as short
Aster RENDERUSDT+0.0100%4h1.7995+0.136%$260K$160K20xas long as short
Binance RENDERUSDT+0.0100%4h1.7975+0.029%$11.5M$39.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.7960−0.056%$11.8M$10.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.7990+0.111%$3.0M$7.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.7965−0.028%$509K$1.0M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.7970long leg$10.6M$11.2M200x
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.7980+0.056%$4.8M$8.2M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.7992+0.122%$9.7M$9.6M50xas long as short
BingX RENDER-USDT+0.0100%4h1.7990+0.111%$4.9Mas long as short
Variational Omni RENDER+0.0100%4h1.7980+0.057%$260K$297Kas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8111+0.785%$37K$232K50x
Phemex RENDERUSDT+0.0100%8h1.7990+0.111%$1.8M$3.5M50xas long as short
Extended RENDER-USD+0.0104%1h1.7970+0.001%$29K$200K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0232%1h1.7960−0.056%$148K$43K50xas long as short
Phoenix RENDER+0.0265%1h1.8050+0.445%$45K$276K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8040+0.390%$596K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0383% / S −0.1030%1h1.8030+0.335%$17K100xas long as short
Kraken Futures PF_RENDERUSD+0.0450%1h1.8016+0.255%$424K$1.2M50xas long as short