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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against Aster−0.020%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.665% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.020%, 7d avg −0.068%
Together, before fees+0.024%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: Binance is 0.048% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster RENDERUSDT1.82970.0100pay 0.0050% / 4h3h 33m$268K$155K20x
ShortBinance RENDERUSDT1.82930.0100get 0.0050% / 4h3h 33m$11.9M$47.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: −0.020% → −0.068%
$4.75
Slippage, 4 orders
−$48.51
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$61.76
Costs to cover
0.665%
Break-even
never at this rate
Slippage from Aster: live order book, 19 min ago; Binance: 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 Aster live order book, 19 min ago5.41 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago2.73 bp15.8 bp −$1636.9 bp −$369138.0 bp −$13.8Kdoesn'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−0.0572%1h1.8310+0.073%$12K$194K12xas long as short
dYdX RENDER-USD+0.0055%1h1.8267−0.163%$19K$23K5xas long as short
Deribit RENDER_USDC-PERPETUAL+0.0078%1h1.8298+0.007%$13K$33K25xas long as short
Aster RENDERUSDTlong+0.0100%4h1.8297long leg$268K$155K20x
Binance RENDERUSDTshort+0.0100%4h1.8293−0.020%$11.9M$47.1M75x
Bybit RENDERUSDT+0.0100%4h1.8287−0.053%$11.7M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8310+0.073%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8284−0.070%$536K$1.3M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8290−0.037%$12.4M$11.2M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8310+0.073%$4.9M$11.3M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDT+0.0100%4h1.8290−0.037%$10.0M$10.7M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8290−0.037%$3.4Mas long as short
Variational Omni RENDER+0.0100%4h1.8262−0.191%$260K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8289−0.042%$40K$256K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8290−0.037%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8295−0.012%$26K$201K10xas long as short
Phoenix RENDER+0.0303%1h1.8308+0.062%$47K$326K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8300+0.018%$567K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0372% / S −0.0956%1h1.8290−0.039%$16K100xas long as short
Hyperliquid RENDER+0.0580%1h1.8314+0.094%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0616%1h1.8430+0.728%$153K$58K50xas long as short
Kraken Futures PF_RENDERUSD+0.1046%1h1.8320+0.127%$497K$1.2M50xas long as short