data as of
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Price arb /

RENDER

all RENDER markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$51
spread now+0.151%7d average+0.172%fees + slippage, in and out−$49spread needed0.492%
Long on DeribitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RENDER_USDC-PERPETUAL1.8194−0.0244get 0.0031% / 1h1m 10s$14K$123K25x
ShortHyperliquid RENDER1.82210.0354get 0.0044% / 1h1m 10s$3.9M$4.4M5x

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
$15.06
Funding while held
$17.95
Slippage, 4 orders
−$33.21
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.2
Spread needed to break even
0.492%
Slippage from Deribit: live order book, 39 min ago; Hyperliquid: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0598%
Per $10,000 a day
+$17.95
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 Deribit live order book, 39 min ago5.52 bp14.5 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.65 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7980cheapestdYdX1.8165+1.029%Phemex1.8170+1.057%Gate1.8180+1.112%KuCoin1.8180+1.112%ApeX Omni1.8182+1.123%Phoenix1.8184+1.135%Extended1.8187+1.152%Bybit1.8190+1.168%MEXC1.8190+1.168%BingX1.8190+1.168%Variational Omni1.8191+1.171%GMX1.8191+1.175%
Deribit1.8194+1.190%
Binance1.8196+1.199%Bitget1.8199+1.218%OKX1.8200+1.224%Aster1.8204+1.247%BloFin1.8210+1.279%Kraken Futures1.8219+1.331%
Hyperliquid1.8221+1.343%
Coinbase International1.8280+1.669%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERP−1.176%−0.0103%1h$7K$141K12xas long as short
dYdX RENDER-USD−0.159%0.0000%1h$18K$26K5xas long as short
Phemex RENDERUSDT−0.132%+0.0100%8h$2.0M$4.4M50xas long as short
Gate RENDER_USDT−0.077%+0.0100%4h$511K$1.3M50xas long as short
KuCoin RENDERUSDTM−0.077%+0.0100%4h$4.6M$12.3M50xas long as short
ApeX Omni RENDERUSDT−0.066%+0.0100%1h$49K$258K50xas long as short
Phoenix RENDER−0.055%0.0000%1h$39K$466K5xas long as short
Extended RENDER-USD−0.038%+0.0104%1h$30K$206K10xas long as short
Bybit RENDERUSDT−0.022%+0.0100%4h$12.1M$19.0M50xas long as short
MEXC RENDER_USDT−0.022%+0.0100%4h$11.8M$11.3M200xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX RENDER-USDT−0.022%+0.0100%4h—$4.3M—as long as short
Variational Omni RENDER−0.019%−0.0089%4h$227K$110K—as long as short
GMX RENDER/USD [ETH-USDC]−0.015%L +0.0335% / S −0.0765%1h$13K—100xas long as short
Deribit RENDER_USDC-PERPETUALlong0.000%−0.0244%1h$14K$123K25x
Binance RENDERUSDT+0.009%+0.0100%4h$11.8M$60.2M75xas long as short
Bitget RENDERUSDT+0.027%+0.0100%4h$9.8M$11.9M50xas long as short
OKX RENDER-USDT-SWAP+0.033%+0.0100%4h$3.1M$12.0M20xas long as short
Aster RENDERUSDT+0.056%+0.0100%4h$260K$220K20xas long as short
BloFin RENDER-USDT+0.088%+0.0340%4h$592K$1.5M90xas long as short
Kraken Futures PF_RENDERUSD+0.139%+0.0485%1h$483K$1.5M50xas long as short
Hyperliquid RENDERshort+0.151%+0.0354%1h$3.9M$4.4M5x
Coinbase International RENDER-PERP-INTX+0.473%+0.0128%1h$159K$80K50xas long as short