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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against Aster−0.096%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$860.858% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.008%−$1 on $10k
Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.096%, 7d avg −0.055%
Together, before fees+0.204%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 0.041% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.86240.0100pay 0.0050% / 4h2h 45m$271K$189K20x
ShortApeX Omni RENDERUSDT1.86060.0100get 0.0013% / 1h45m 05s$44K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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: −0.096% → −0.055%
−$4.11
Slippage, 4 orders
−$67.79
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$89.89
Costs to cover
0.858%
Break-even
never at this rate
Slippage from Aster: live order book, 41 min ago; ApeX Omni: live order book, 41 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 Aster live order book, 41 min ago8.13 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 41 min ago9.76 bp17.8 bp −$18132.9 bp −$1,329doesn'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−0.0440%1h1.8530−0.504%$6K$92K12xas long as short
Bybit RENDERUSDT−0.0256%4h1.8593−0.165%$12.1M$14.6M50xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.235%$223K$255Kas long as short
Deribit RENDER_USDC-PERPETUAL−0.0072%1h1.8621−0.015%$11K$33K25xas long as short
dYdX RENDER-USD0.0000%1h1.8618−0.031%$19K$21K5xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8624long leg$271K$189K20x
Binance RENDERUSDT+0.0100%4h1.8632+0.046%$12.4M$49.2M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8620−0.020%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8602−0.117%$544K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8630+0.033%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8610−0.074%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8630+0.033%$10.0M$10.4M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8620−0.020%$4.3Mas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8606−0.096%$44K$265K50x
Phemex RENDERUSDT+0.0100%8h1.8590−0.182%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8618−0.028%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615−0.047%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8570−0.289%$600K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0340% / S −0.0785%1h1.8620−0.021%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.289%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0745%1h1.8652+0.154%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1142%1h1.8657+0.178%$4.3M$4.3M5xas long as short