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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.006%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.524% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 7 days+0.059%+$6 · spread now +0.006%, 7d avg +0.018%
Together, before fees+0.099%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.86720.0100pay 0.0050% / 4h2h 40m$12.4M$49.1M75x
ShortBitget RENDERUSDT1.86730.0100get 0.0050% / 4h2h 40m$10.0M$10.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: +0.006% → +0.018%
−$1.24
Slippage, 4 orders
−$30.39
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$53.63
Costs to cover
0.524%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago2.69 bp11.9 bp −$1229.5 bp −$295187.5 bp −$18.8Kdoesn't fit
Sell Bitget live order book, 3 min ago3.76 bp17.3 bp −$1732.3 bp −$323doesn'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%1h1.8620−0.278%$6K$141K12xas long as short
Variational Omni RENDER−0.0257%4h1.8615−0.304%$225K$258Kas long as short
Bybit RENDERUSDT−0.0164%4h1.8650−0.117%$12.2M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0072%1h1.8655−0.091%$11K$32K25xas long as short
dYdX RENDER-USD0.0000%1h1.8639−0.176%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.8644−0.148%$271K$189K20xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8672long leg$12.4M$49.1M75x
OKX RENDER-USDT-SWAP+0.0100%4h1.8680+0.043%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8654−0.096%$546K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8670−0.010%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8670−0.010%$5.2M$13.0M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h1.8673+0.006%$10.0M$10.3M50x
BingX RENDER-USDT+0.0100%4h1.8670−0.010%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8618−0.289%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8660−0.064%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8658−0.073%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8635−0.198%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8640−0.171%$604K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8655−0.091%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.546%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0744%1h1.8685+0.068%$489K$1.1M50xas long as short
Hyperliquid RENDER+0.0970%1h1.8704+0.172%$4.3M$4.3M5xas long as short