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 0.000%
Price spread now: MEXC against Bitget+0.136%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$410.410% 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−0.154%−$15 · spread now +0.136%, 7d avg −0.030%
Together, before fees−0.195%−$19 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: MEXC is 0.166% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RENDERUSDT1.84050.0100pay 0.0050% / 4h1h 11m$9.9M$10.3M50x
ShortMEXC RENDER_USDT1.84300.0100get 0.0050% / 4h1h 11m$12.3M$10.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.136% → −0.030%
$16.57
Slippage, 4 orders
−$29.03
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$24.46
Costs to cover
0.410%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; MEXC: 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 Bitget live order book, 2 min ago2.72 bp20.1 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago2.71 bp2.7 bp −$37.6 bp −$7638.2 bp −$3,818174.8 bp −$87.4K

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
Injective RENDER/USDC PERP−0.0576%1h1.8450+0.244%$6K$187K12xas long as short
Variational Omni RENDER−0.0268%4h1.8418+0.069%$223K$297Kas long as short
dYdX RENDER-USD0.0000%1h1.8406+0.007%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8420+0.081%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8421+0.087%$266K$174K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8404−0.006%$12.2M$47.4M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8400−0.027%$11.9M$13.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8410+0.027%$3.1M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8413+0.043%$535K$1.1M50xas long as short
MEXC RENDER_USDTshort+0.0100%4h1.8430+0.136%$12.3M$10.7M200x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.8390−0.081%$5.0M$12.6M50xas long as short
Bitget RENDERUSDTlong+0.0100%4h1.8405long leg$9.9M$10.3M50x
BingX RENDER-USDT+0.0100%4h1.8400−0.027%$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8415+0.054%$43K$267K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8400−0.027%$1.8M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8407+0.011%$31K$178K10xas long as short
Phoenix RENDER+0.0131%1h1.8477+0.391%$47K$325K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8430+0.136%$593K$1.3M90xas long as short
Coinbase International RENDER-PERP-INTX+0.0352%1h1.8440+0.190%$152K$66K50xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0362% / S −0.0912%1h1.8414+0.047%$15K100xas long as short
Kraken Futures PF_RENDERUSD+0.0580%1h1.8436+0.169%$478K$1.1M50xas long as short
Hyperliquid RENDER+0.0714%1h1.8451+0.250%$4.2M$3.5M5xas long as short