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: Binance against Bitget−0.007%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$650.654% 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−0.006%−$1 · spread now −0.007%, 7d avg −0.017%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.89410.0100pay 0.0050% / 4h1h 17m$10.4M$10.7M50x
ShortBinance RENDERUSDT1.89400.0100get 0.0050% / 4h1h 17m$12.6M$47.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: −0.007% → −0.017%
$0.94
Slippage, 4 orders
−$43.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$64.43
Costs to cover
0.654%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 9 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 Bitget live order book, 1 min ago1.06 bp20.4 bp −$2042.9 bp −$429doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago2.65 bp15.4 bp −$1531.4 bp −$314145.7 bp −$14.6Kdoesn'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
dYdX RENDER-USD0.0000%1h1.8926−0.078%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8949+0.042%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8880−0.322%$6K$188K12xas long as short
Binance RENDERUSDTshort+0.0100%4h1.8940−0.007%$12.6M$47.0M75x
Bybit RENDERUSDT+0.0100%4h1.8930−0.058%$12.1M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8950+0.048%$3.2M$8.4M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8936−0.026%$585K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8940−0.005%$14.1M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8950+0.048%$5.2M$11.9M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.8941long leg$10.4M$10.7M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8940−0.005%$3.5Mas long as short
Variational Omni RENDER+0.0100%4h1.8877−0.340%$269K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8892−0.259%$43K$254K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8950+0.048%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8940−0.007%$28K$198K10xas long as short
Aster RENDERUSDT+0.0244%4h1.8979+0.202%$275K$145K20xas long as short
Phoenix RENDER+0.0259%1h1.8991+0.264%$49K$246K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8920−0.111%$591K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0369% / S −0.0912%1h1.8940−0.008%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0456%1h1.9130+0.998%$157K$58K50xas long as short
Hyperliquid RENDER+0.0879%1h1.8972+0.164%$4.3M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1410%1h1.8967+0.138%$491K$1.1M50xas long as short