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

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance−0.043%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1421.421% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.043%, 7d avg −0.050%
Together, before fees−0.105%−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RENDERUSDT1.82230.0100pay 0.0050% / 4h2h 54m$12.1M$46.3M75x
ShortGate RENDER_USDT1.82150.0100get 0.0050% / 4h2h 54m$512K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.043% → −0.050%
$0.7
Slippage, 4 orders
−$117.12
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$141.42
Costs to cover
1.421%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Gate: live order book, 2 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 ago2.73 bp14.4 bp −$1431.1 bp −$311211.7 bp −$21.2Kdoesn't fit
Sell Gate live order book, 2 min ago7.66 bp51.8 bp −$52216.8 bp −$2,168doesn'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−0.0344%1h1.8220−0.015%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8217−0.032%$18K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8201−0.119%$10K$30K25xas long as short
Variational Omni RENDER+0.0085%4h1.8222−0.003%$224K$279Kas long as short
Aster RENDERUSDT+0.0100%4h1.8236+0.074%$264K$142K20xas long as short
Binance RENDERUSDTlong+0.0100%4h1.8223long leg$12.1M$46.3M75x
Bybit RENDERUSDT+0.0100%4h1.8210−0.070%$11.7M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8230+0.040%$3.1M$8.0M20xas long as short
Gate RENDER_USDTshort+0.0100%4h1.8215−0.043%$512K$1.0M50x
MEXC RENDER_USDT+0.0100%4h1.8240+0.095%$11.0M$10.8M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8240+0.095%$4.9M$12.1M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8226+0.018%$9.7M$10.6M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8230+0.040%$3.9Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8354+0.720%$46K$269K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8240+0.095%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8235+0.070%$28K$201K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0168%1h1.8250+0.149%$149K$64K50xas long as short
Phoenix RENDER+0.0171%1h1.8384+0.885%$47K$297K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8230+0.040%$585K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0363% / S −0.0912%1h1.8203−0.106%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0675%1h1.8237+0.077%$469K$1.0M50xas long as short
Hyperliquid RENDER+0.0712%1h1.8235+0.067%$4.2M$3.4M5xas long as short