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

RENDER

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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: Aster against BingX+0.064%7-day average +0.094% · you sell dearer than you buy
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−$870.865% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.064%, 7d avg +0.094%
Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 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: Aster is 0.030% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.80900.0100pay 0.0050% / 4h2h 43m$5.2M
ShortAster RENDERUSDT1.81020.0100get 0.0050% / 4h2h 43m$265K$156K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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: +0.064% → +0.094%
−$3
Slippage, 4 orders
−$68.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$89.51
Costs to cover
0.865%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; Aster: 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 BingX live order book, 1 min ago5.53 bp15.2 bp −$1522.8 bp −$22880.3 bp −$8,027doesn't fit
Sell Aster live order book, 3 min ago11.04 bp26.2 bp −$26doesn'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
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8099+0.050%$18K$37K25xas long as short
dYdX RENDER-USD+0.0023%1h1.8087−0.018%$18K$32K5xas long as short
Aster RENDERUSDTshort+0.0100%4h1.8102+0.064%$265K$156K20x
Binance RENDERUSDT+0.0100%4h1.8080−0.055%$11.8M$47.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8065−0.138%$11.6M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8080−0.055%$3.1M$8.0M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8082−0.044%$525K$1.3M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8080−0.055%$12.0M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8100+0.055%$4.8M$11.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8082−0.044%$9.8M$10.6M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDTlong+0.0100%4h1.8090long leg$5.2M
Variational Omni RENDER+0.0100%4h1.8082−0.045%$257K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8116+0.144%$40K$250K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.80900.000%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8085−0.027%$26K$190K10xas long as short
Injective RENDER/USDC PERP+0.0235%1h1.80900.000%$11K$194K12xas long as short
Phoenix RENDER+0.0264%1h1.8129+0.216%$47K$334K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8100+0.055%$561K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0370% / S −0.0956%1h1.8085−0.028%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0584%1h1.8150+0.332%$151K$57K50xas long as short
Hyperliquid RENDER+0.0639%1h1.8102+0.066%$4.1M$3.3M5xas long as short
Kraken Futures PF_RENDERUSD+0.1238%1h1.8118+0.155%$486K$1.2M50xas long as short