data as of
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Price arb /

RENDER

all RENDER markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.169%
7d average−0.218%if it closes, per $10,000$17funding while held, a day−$13.93
Long on BloFinShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RENDER-USDT1.77600.0340pay 0.0170% / 4h1h 55m$578K$1.3M90x
ShortInjective RENDER/USDC PERP1.7790−0.0124pay 0.0016% / 1h55m 38s$5K$49K12x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$16.89
Funding while held
−$13.93
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$9.06
Spread needed to break even
0.120%
Slippage unknown: BloFin: live order book, 3 min ago; Injective: live order book, 80 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0464%
Per $10,000 a day
−$13.93
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago2.82 bp13.3 bp −$1326.5 bp −$26586.1 bp −$8,612doesn't fit
Sell Injective live order book, 80 min ago131.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni1.7717cheapestGate1.7744+0.154%Bybit1.7751+0.194%ApeX Omni1.7751+0.194%Phoenix1.7754+0.211%KuCoin1.7760+0.244%
BloFin1.7760+0.244%
Aster1.7762+0.258%Hyperliquid1.7768+0.290%Binance1.7770+0.301%Deribit1.7777+0.340%Extended1.7777+0.341%MEXC1.7780+0.357%Phemex1.7780+0.357%dYdX1.7781+0.365%GMX1.7786+0.389%
Injective1.7790+0.414%
Bitget1.7792+0.425%OKX1.7800+0.470%BingX1.7800+0.470%Kraken Futures1.7802+0.481%Coinbase International1.7810+0.527%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni RENDER−0.244%−0.0094%4h$212K$245K—as long as short
Gate RENDER_USDT−0.090%−0.0200%4h$524K$1.1M50xas long as short
Bybit RENDERUSDT−0.051%+0.0100%4h$11.6M$14.8M50xas long as short
ApeX Omni RENDERUSDT−0.051%+0.0100%1h$45K$258K50xas long as short
Phoenix RENDER−0.034%+0.0090%1h$38K$333K5xas long as short
KuCoin RENDERUSDTM0.000%+0.0100%4h$4.5M$12.7M50xas long as short
BloFin RENDER-USDTlong0.000%+0.0340%4h$578K$1.3M90x
Aster RENDERUSDT+0.014%+0.0100%4h$257K$177K20xas long as short
Hyperliquid RENDER+0.045%+0.0100%1h$3.8M$4.2M5xas long as short
Binance RENDERUSDT+0.056%+0.0100%4h$11.6M$49.2M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit RENDER_USDC-PERPETUAL+0.096%−0.0031%1h$10K$127K25xas long as short
Extended RENDER-USD+0.097%+0.0104%1h$30K$179K10xas long as short
MEXC RENDER_USDT+0.113%+0.0100%4h$10.6M$9.9M200xas long as short
Phemex RENDERUSDT+0.113%+0.0100%8h$1.8M$4.1M50xas long as short
dYdX RENDER-USD+0.121%0.0000%1h$18K$22K5xas long as short
GMX RENDER/USD [ETH-USDC]+0.144%L +0.0334% / S −0.0778%1h$13K—100xas long as short
Injective RENDER/USDC PERPshort+0.169%−0.0124%1h$5K$49K12x
Bitget RENDERUSDT+0.180%+0.0100%4h$9.5M$10.7M50xas long as short
OKX RENDER-USDT-SWAP+0.225%+0.0100%4h$3.0M$8.6M20xas long as short
BingX RENDER-USDT+0.225%+0.0100%4h—$4.1M—as long as short
Kraken Futures PF_RENDERUSD+0.236%−0.0279%1h$453K$1.1M50xas long as short
Coinbase International RENDER-PERP-INTX+0.282%+0.0456%1h$153K$54K50xas long as short