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 0.000%
Price spread now: BingX against Bitget−0.017%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$630.634% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.017%, 7d avg −0.042%
Together, before fees+0.075%+$8 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: BingX is 0.025% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.79130.0100pay 0.0050% / 4h2h 39m$9.6M$10.7M50x
ShortBingX RENDER-USDT1.79100.0100get 0.0050% / 4h2h 39m$5.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.017% → −0.042%
$2.52
Slippage, 4 orders
−$41.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$60.85
Costs to cover
0.634%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago2.22 bp18.8 bp −$1938.3 bp −$383doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago5.53 bp12.5 bp −$1223.2 bp −$23257.4 bp −$5,744934.7 bp −$467.4K

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%1h1.7941+0.156%$18K$37K25xas long as short
dYdX RENDER-USD+0.0025%1h1.7917+0.024%$18K$32K5xas long as short
Aster RENDERUSDT+0.0100%4h1.7897−0.091%$262K$166K20xas long as short
Binance RENDERUSDT+0.0100%4h1.7899−0.081%$11.7M$47.3M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.7892−0.117%$11.5M$13.1M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.7910−0.017%$3.0M$8.0M20xas long as short
Gate RENDER_USDT+0.0100%4h1.7897−0.089%$518K$1.3M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.7910−0.017%$11.9M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.7930+0.095%$4.8M$11.0M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.7913long leg$9.6M$10.7M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDTshort+0.0100%4h1.7910−0.017%$5.2M
Variational Omni RENDER+0.0100%4h1.7957+0.247%$256K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.7984+0.396%$39K$250K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.7940+0.151%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.7905−0.044%$26K$194K10xas long as short
Injective RENDER/USDC PERP+0.0235%1h1.8000+0.486%$11K$194K12xas long as short
Phoenix RENDER+0.0264%1h1.8073+0.893%$46K$334K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8000+0.486%$605K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0360% / S −0.0906%1h1.7932+0.107%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0584%1h1.7940+0.151%$149K$57K50xas long as short
Hyperliquid RENDER+0.0598%1h1.7936+0.128%$4.0M$3.3M5xas long as short
Kraken Futures PF_RENDERUSD+0.1248%1h1.7964+0.282%$449K$1.2M50xas long as short