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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.74 per $10,000 · paid last 24h +0.002%
Price spread now: Aster against Binance+0.080%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1091.085% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.080%, 7d avg +0.069%
Together, before fees−0.089%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.83230.0100pay 0.0050% / 4h30m 44s$12.1M$47.4M75x
ShortAster RENDERUSDT1.83380.0247get 0.0124% / 4h30m 44s$266K$151K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
$30.93
Price spread: +0.080% → +0.069%
$1.09
Slippage, 4 orders
−$90.51
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.49
Costs to cover
1.085%
Break-even
24.3 days
Slippage from Binance: live order book, 11 min ago; Aster: live order book, 26 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 Binance live order book, 11 min ago2.74 bp14.1 bp −$1430.5 bp −$305184.1 bp −$18.4Kdoesn't fit
Sell Aster live order book, 26 min ago10.66 bp34.5 bp −$34doesn'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−0.0223%1h1.8200−0.674%$6K$188K12xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8301−0.123%$10K$30K25xas long as short
dYdX RENDER-USD+0.0081%1h1.8319−0.024%$19K$23K5xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8323long leg$12.1M$47.4M75x
Bybit RENDERUSDT+0.0100%4h1.8310−0.073%$11.7M$13.3M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8330+0.036%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8316−0.041%$548K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8320−0.019%$12.5M$11.3M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8330+0.036%$4.9M$11.7M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8342+0.101%$10.0M$10.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8320−0.019%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8292−0.173%$261K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8345+0.118%$41K$252K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8320−0.019%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8318−0.027%$26K$200K10xas long as short
Aster RENDERUSDTshort+0.0247%4h1.8338+0.080%$266K$151K20x
Phoenix RENDER+0.0299%1h1.8343+0.107%$47K$315K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8330+0.036%$581K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0927%1h1.8299−0.132%$15K100xas long as short
Hyperliquid RENDER+0.0497%1h1.8351+0.150%$4.1M$3.3M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8450+0.691%$151K$55K50xas long as short
Kraken Futures PF_RENDERUSD+0.1283%1h1.8331+0.040%$477K$1.1M50xas long as short