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 +0.008%
Price spread now: Bitget against Bybit+0.065%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.533% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.065%, 7d avg +0.083%
Together, before fees−0.025%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RENDERUSDT1.85500.0100pay 0.0050% / 4h33m 17s$12.0M$13.5M50x
ShortBitget RENDERUSDT1.85620.0100get 0.0050% / 4h33m 17s$10.0M$10.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.065% → +0.083%
−$1.81
Slippage, 4 orders
−$30.33
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.13
Costs to cover
0.533%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.70 bp13.2 bp −$1337.9 bp −$379doesn't fitdoesn't fit
Sell Bitget live order book, just now1.62 bp16.2 bp −$1633.4 bp −$334doesn'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
Variational Omni RENDER−0.0093%4h1.8543−0.038%$224K$296Kas long as short
dYdX RENDER-USD0.0000%1h1.8558+0.041%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8566+0.086%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8581+0.166%$268K$166K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8568+0.095%$12.4M$46.9M75xas long as short
Bybit RENDERUSDTlong+0.0100%4h1.8550long leg$12.0M$13.5M50x
OKX RENDER-USDT-SWAP+0.0100%4h1.85500.000%$3.1M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8539−0.059%$536K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.85500.000%$12.3M$10.5M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8540−0.054%$5.1M$12.4M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RENDERUSDTshort+0.0100%4h1.8562+0.065%$10.0M$10.2M50x
BingX RENDER-USDT+0.0100%4h1.85500.000%$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8545−0.027%$43K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8570+0.108%$1.9M$3.9M50xas long as short
Extended RENDER-USD+0.0104%1h1.8556+0.035%$31K$178K10xas long as short
Injective RENDER/USDC PERP+0.0110%1h1.85500.000%$6K$187K12xas long as short
Phoenix RENDER+0.0173%1h1.8562+0.065%$47K$333K5xas long as short
Coinbase International RENDER-PERP-INTX+0.0256%1h1.8440−0.593%$152K$65K50xas long as short
BloFin RENDER-USDT+0.0340%4h1.85500.000%$594K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0364% / S −0.0912%1h1.8561+0.057%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0597%1h1.8581+0.167%$481K$1.1M50xas long as short
Hyperliquid RENDER+0.1743%1h1.8608+0.313%$4.3M$3.5M5xas long as short