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 −0.008%
Price spread now: Bybit against BingX−0.054%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 7 days+0.091%+$9 · spread now −0.054%, 7d avg −0.039%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RENDER-USDT1.83900.0100pay 0.0050% / 4h1h 51m$4.4M
ShortBybit RENDERUSDT1.83800.0100get 0.0050% / 4h1h 51m$12.0M$14.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.054% → −0.039%
−$1.55
Slippage, 4 orders
−$35.34
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$57.89
Costs to cover
0.563%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: 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 BingX live order book, 14 min ago5.43 bp15.1 bp −$1522.1 bp −$22179.8 bp −$7,984696.9 bp −$348.5K
Sell Bybit live order book, 2 min ago2.72 bp15.5 bp −$1539.8 bp −$398423.4 bp −$42.3Kdoesn'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−0.0576%1h1.83900.000%$6K$165K12xas long as short
Variational Omni RENDER−0.0355%4h1.8443+0.291%$222K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8398+0.044%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8394+0.022%$10K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.83900.000%$263K$182K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8393+0.018%$12.2M$48.6M75xas long as short
Bybit RENDERUSDTshort+0.0100%4h1.8380−0.054%$12.0M$14.2M50x
OKX RENDER-USDT-SWAP+0.0100%4h1.83900.000%$3.1M$8.5M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8409+0.103%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.83900.000%$11.4M$10.3M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8380−0.054%$5.0M$12.9M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8396+0.033%$9.9M$10.4M50xas long as short
BingX RENDER-USDTlong+0.0100%4h1.8390long leg$4.4M
ApeX Omni RENDERUSDT+0.0100%1h1.8410+0.109%$43K$268K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8400+0.054%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8390+0.002%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8408+0.098%$40K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8370−0.109%$591K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8670+1.523%$154K$69K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0361% / S −0.0904%1h1.8393+0.016%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0580%1h1.8421+0.169%$468K$1.1M50xas long as short
Hyperliquid RENDER+0.0802%1h1.8430+0.218%$4.2M$3.6M5xas long as short