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

RENDER

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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: BingX against OKX0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$600.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg −0.025%
Together, before fees+0.177%+$18 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: BingX is 0.025% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RENDER-USDT-SWAP1.86400.0100pay 0.0050% / 4h3h 11m$3.2M$8.2M20x
ShortBingX RENDER-USDT1.86400.0100get 0.0050% / 4h3h 11m$3.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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: 0.000% → −0.025%
$2.52
Slippage, 4 orders
−$40.49
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$57.97
Costs to cover
0.605%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; BingX: 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 OKX live order book, 2 min ago2.68 bp18.7 bp −$1963.0 bp −$630doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago2.67 bp10.9 bp −$1117.7 bp −$17764.1 bp −$6,413doesn'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%1h1.8840+1.073%$6K$188K12xas long as short
Coinbase International RENDER-PERP-INTX−0.0040%1h1.8830+1.019%$155K$65K50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0018%1h1.8629−0.059%$11K$30K25xas long as short
dYdX RENDER-USD0.0000%1h1.8647+0.038%$19K$21K5xas long as short
Variational Omni RENDER+0.0021%4h1.8622−0.097%$229K$279Kas long as short
Aster RENDERUSDT+0.0100%4h1.8660+0.107%$269K$146K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8640−0.001%$12.5M$46.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8620−0.107%$12.1M$13.0M50xas long as short
OKX RENDER-USDT-SWAPlong+0.0100%4h1.8640long leg$3.2M$8.2M20x
Gate RENDER_USDT+0.0100%4h1.8643+0.016%$527K$1.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC RENDER_USDT+0.0100%4h1.8630−0.054%$11.9M$10.9M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8630−0.054%$5.3M$12.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8645+0.027%$10.0M$10.5M50xas long as short
BingX RENDER-USDTshort+0.0100%4h1.86400.000%$3.9M
ApeX Omni RENDERUSDT+0.0100%1h1.8869+1.229%$47K$269K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8630−0.054%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8637−0.018%$29K$205K10xas long as short
Phoenix RENDER+0.0171%1h1.8727+0.467%$48K$324K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8660+0.107%$593K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8639−0.008%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0406%1h1.8657+0.091%$478K$1.1M50xas long as short
Hyperliquid RENDER+0.0847%1h1.8692+0.279%$4.3M$3.4M5xas long as short