RENDER

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.053%

7d average—if it closes, per $10,000$5funding while held, a day−$13.68

Long on Coinbase International Short on dYdX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RENDER-PERP-INTX	1.7830	0.0456	pay 0.0057% / 1h	17m 01s	$153K	$53K	50x
Short	dYdX RENDER-USD	1.7821	0	get 0.0000% / 1h	17m 01s	$18K	$22K	5x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Coinbase InternationalbpFee dYdXbpOrdersClose when spread is

Spread captured: −$5.31
Funding while held: −$13.68
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.99
Spread needed to break even: 0.200%

Slippage unknown: Coinbase International: live order book, 17 min ago; dYdX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0456%
Per $10,000 a day: −$13.68
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 17 min ago	8.38 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn'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 price on every exchange

against the cheapest. Click to use as the short leg.

RENDER on 22 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−1.066%	−0.0124%	1h	$5K	$50K	12x	as long as short
Variational Omni RENDER	−0.193%	−0.0094%	4h	$214K	$257K	—	as long as short
ApeX Omni RENDERUSDT	−0.135%	+0.0100%	1h	$44K	$260K	50x	as long as short
BloFin RENDER-USDT	−0.112%	+0.0340%	4h	$578K	$1.3M	90x	as long as short
Bybit RENDERUSDT	−0.056%	+0.0100%	4h	$11.7M	$14.7M	50x	as long as short
Gate RENDER_USDT	−0.056%	−0.0036%	4h	$518K	$1.1M	50x	as long as short
dYdX RENDER-USDshort	−0.053%	0.0000%	1h	$18K	$22K	5x
MEXC RENDER_USDT	0.000%	+0.0100%	4h	$10.5M	$10.1M	200x	as long as short
BingX RENDER-USDT	0.000%	+0.0100%	4h	—	$4.2M	—	as long as short
Coinbase International RENDER-PERP-INTXlong	0.000%	+0.0456%	1h	$153K	$53K	50x

Show all 22 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex RENDERUSDT	0.000%	+0.0100%	8h	$1.8M	$4.0M	50x	as long as short
Phoenix RENDER	+0.034%	+0.0090%	1h	$39K	$336K	5x	as long as short
Bitget RENDERUSDT	+0.039%	+0.0100%	4h	$9.4M	$10.5M	50x	as long as short
Extended RENDER-USD	+0.040%	+0.0104%	1h	$30K	$179K	10x	as long as short
Aster RENDERUSDT	+0.056%	+0.0100%	4h	$256K	$177K	20x	as long as short
Binance RENDERUSDT	+0.056%	+0.0100%	4h	$11.6M	$48.7M	75x	as long as short
OKX RENDER-USDT-SWAP	+0.056%	+0.0100%	4h	$3.1M	$8.6M	20x	as long as short
KuCoin RENDERUSDTM	+0.056%	+0.0100%	4h	$4.6M	$12.9M	50x	as long as short
GMX RENDER/USD [ETH-USDC]	+0.081%	L +0.0334% / S −0.0778%	1h	$13K	—	100x	as long as short
Deribit RENDER_USDC-PERPETUAL	+0.107%	+0.0030%	1h	$10K	$127K	25x	as long as short
Kraken Futures PF_RENDERUSD	+0.171%	−0.0278%	1h	$454K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.174%	+0.0100%	1h	$3.8M	$4.1M	5x	as long as short