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: KuCoin against Bitget+0.032%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$840.844% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days+0.004%$0 · spread now +0.032%, 7d avg +0.031%
Together, before fees+0.084%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.88040.0100pay 0.0050% / 4h1h 41m$10.2M$10.3M50x
ShortKuCoin RENDERUSDTM1.88100.0100get 0.0050% / 4h1h 41m$5.2M$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.032% → +0.031%
$0.05
Slippage, 4 orders
−$60.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$84.37
Costs to cover
0.844%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: 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 Bitget live order book, 2 min ago1.86 bp20.4 bp −$2033.0 bp −$330doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago2.66 bp31.1 bp −$3175.8 bp −$758doesn'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
dYdX RENDER-USD0.0000%1h1.8786−0.093%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8796−0.043%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8740−0.340%$6K$188K12xas long as short
Binance RENDERUSDT+0.0100%4h1.8810+0.032%$12.5M$45.0M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8803−0.005%$12.0M$12.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8810+0.032%$3.2M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8800−0.021%$569K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8800−0.021%$11.3M$10.7M200xas long as short
KuCoin RENDERUSDTMshort+0.0100%4h1.8810+0.032%$5.2M$11.8M50x
Bitget RENDERUSDTlong+0.0100%4h1.8804long leg$10.2M$10.3M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8810+0.032%$3.5Mas long as short
Variational Omni RENDER+0.0100%4h1.8796−0.041%$232K$276Kas long as short
Phemex RENDERUSDT+0.0100%8h1.8800−0.021%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8805+0.006%$28K$203K10xas long as short
Aster RENDERUSDT+0.0108%4h1.8829+0.133%$272K$139K20xas long as short
Phoenix RENDER+0.0259%1h1.8821+0.090%$48K$246K5xas long as short
ApeX Omni RENDERUSDT+0.0276%1h1.8799−0.027%$47K$252K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.8780−0.128%$582K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0368% / S −0.0912%1h1.8809+0.025%$16K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0456%1h1.8830+0.138%$153K$53K50xas long as short
Hyperliquid RENDER+0.0949%1h1.8840+0.191%$4.3M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1420%1h1.8833+0.157%$491K$1.0M50xas long as short