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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.004%
Price spread now: Aster against ApeX Omni+0.227%49s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$840.836% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.227%, 7d avg +0.047%
Together, before fees−0.280%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.179% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.047%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni RENDERUSDT1.79990.0100pay 0.0013% / 1h52m 39s$40K$251K50x
ShortAster RENDERUSDT1.80400.0187get 0.0094% / 4h52m 39s$274K$188K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
$18.32
Price spread: +0.227% → +0.047%
$17.92
Slippage, 4 orders
−$65.61
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$47.37
Costs to cover
0.836%
Break-even
25.1 days
Slippage from ApeX Omni: live order book, 49 min ago; Aster: live order book, 49 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 ApeX Omni live order book, 49 min ago6.37 bp15.5 bp −$16109.9 bp −$1,099doesn't fitdoesn't fit
Sell Aster live order book, 49 min ago8.28 bp32.4 bp −$32doesn'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−0.0131%1h1.8030+0.172%$11K$194K12xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8015+0.089%$18K$37K25xas long as short
dYdX RENDER-USD+0.0030%1h1.8034+0.194%$18K$22K5xas long as short
Binance RENDERUSDT+0.0100%4h1.8020+0.119%$11.7M$46.5M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8010+0.061%$11.8M$12.8M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8030+0.172%$3.1M$8.2M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8015+0.089%$516K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8020+0.117%$10.9M$11.7M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8030+0.172%$4.8M$10.3M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8021+0.122%$9.8M$10.7M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8020+0.117%$5.1Mas long as short
Variational Omni RENDER+0.0100%4h1.7967−0.180%$255K$314Kas long as short
ApeX Omni RENDERUSDTlong+0.0100%1h1.7999long leg$40K$251K50x
Phemex RENDERUSDT+0.0100%8h1.8020+0.117%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8022+0.128%$25K$194K10xas long as short
Aster RENDERUSDTshort+0.0187%4h1.8040+0.227%$274K$188K20x
Phoenix RENDER+0.0266%1h1.7996−0.017%$46K$339K5xas long as short
Hyperliquid RENDER+0.0331%1h1.8048+0.272%$4.1M$3.4M5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8010+0.061%$603K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0360% / S −0.0906%1h1.8013+0.078%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0512%1h1.8060+0.339%$149K$61K50xas long as short
Kraken Futures PF_RENDERUSD+0.0736%1h1.8031+0.176%$420K$1.4M50xas long as short