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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.195%
Price spread now: dYdX against Bitget+0.019%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.86060.0100pay 0.0050% / 4h2h 44m$10.0M$10.4M50x
ShortdYdX RENDER-USD1.86100get 0.0000% / 1h44m 18s$19K$21K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: +0.019% → 0.000%
$1.95
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$41.05
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.

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 ago3.77 bp18.6 bp −$1932.4 bp −$324doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0440%1h1.8530−0.408%$6K$92K12xas long as short
Bybit RENDERUSDT−0.0268%4h1.8574−0.172%$12.1M$14.6M50xas long as short
Variational Omni RENDER−0.0246%4h1.8580−0.139%$223K$255Kas long as short
Deribit RENDER_USDC-PERPETUAL−0.0072%1h1.8612+0.032%$11K$33K25xas long as short
dYdX RENDER-USDshort0.0000%1h1.8610+0.019%$19K$21K5x
Aster RENDERUSDT+0.0100%4h1.8613+0.038%$271K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8616+0.052%$12.4M$49.2M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8610+0.021%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8594−0.064%$544K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8590−0.086%$12.1M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8590−0.086%$5.1M$13.0M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.8606long leg$10.0M$10.4M50x
BingX RENDER-USDT+0.0100%4h1.8590−0.086%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.86060.000%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8600−0.032%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8608+0.009%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8615+0.048%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8570−0.193%$600K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0340% / S −0.0785%1h1.8595−0.059%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8570−0.193%$153K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0746%1h1.8637+0.166%$487K$1.1M50xas long as short
Hyperliquid RENDER+0.1106%1h1.8628+0.118%$4.3M$4.3M5xas long as short