data as of
Settings8H · net · $10k
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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−$91
spread now−0.332%7d average+0.066%fees + slippage, in and out−$51spread needed0.510%
Long on DeribitShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RENDER_USDC-PERPETUAL1.7750−0.0144get 0.0018% / 1h1m 08s$10K$127K25x
ShortPhoenix RENDER1.76910.0044get 0.0006% / 1h1m 08s$38K$400K5x

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
−$33.24
Funding while held
$5.66
Slippage, 4 orders
−$36.95
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$78.53
Spread needed to break even
0.510%
Slippage from Deribit: live order book, 19 min ago; Phoenix: live order book, 37 min ago.

Cost of waiting

funding view
Funding /8h
+0.0189%
Per $10,000 a day
+$5.66
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, 19 min ago8.42 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 37 min ago1.12 bp13.6 bp −$1445.6 bp −$456doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni1.7656cheapestVariational Omni1.7687+0.173%Injective1.7690+0.193%BloFin1.7690+0.193%
Phoenix1.7691+0.198%
Gate1.7726+0.396%Bybit1.7733+0.436%OKX1.7740+0.476%KuCoin1.7740+0.476%BingX1.7740+0.476%dYdX1.7744+0.498%Extended1.7749+0.528%MEXC1.7750+0.532%Bitget1.7750+0.532%
Deribit1.7750+0.532%
Phemex1.7750+0.532%Binance1.7751+0.536%Aster1.7753+0.551%GMX1.7754+0.554%Kraken Futures1.7755+0.559%Hyperliquid1.7767+0.629%Coinbase International1.7800+0.816%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni RENDERUSDT−0.530%+0.0100%1h$45K$258K50xas long as short
Variational Omni RENDER−0.358%−0.0082%4h$212K$245K—as long as short
Injective RENDER/USDC PERP−0.338%−0.2464%1h$5K$80K12xas long as short
BloFin RENDER-USDT−0.338%+0.0340%4h$578K$1.3M90xas long as short
Phoenix RENDERshort−0.332%+0.0044%1h$38K$400K5x
Gate RENDER_USDT−0.135%−0.0214%4h$523K$1.1M50xas long as short
Bybit RENDERUSDT−0.096%+0.0100%4h$11.6M$14.9M50xas long as short
OKX RENDER-USDT-SWAP−0.056%+0.0100%4h$3.0M$8.6M20xas long as short
KuCoin RENDERUSDTM−0.056%+0.0100%4h$4.4M$12.7M50xas long as short
BingX RENDER-USDT−0.056%+0.0100%4h—$4.1M—as long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX RENDER-USD−0.034%+0.0128%1h$18K$22K5xas long as short
Extended RENDER-USD−0.004%+0.0104%1h$29K$179K10xas long as short
MEXC RENDER_USDT0.000%+0.0100%4h$10.5M$11.4M200xas long as short
Bitget RENDERUSDT0.000%+0.0100%4h$9.4M$10.6M50xas long as short
Deribit RENDER_USDC-PERPETUALlong0.000%−0.0144%1h$10K$127K25x
Phemex RENDERUSDT0.000%+0.0100%8h$1.8M$4.1M50xas long as short
Binance RENDERUSDT+0.004%+0.0100%4h$11.6M$49.3M75xas long as short
Aster RENDERUSDT+0.018%+0.0100%4h$257K$174K20xas long as short
GMX RENDER/USD [ETH-USDC]+0.021%L +0.0334% / S −0.0778%1h$13K—100xas long as short
Kraken Futures PF_RENDERUSD+0.026%+0.0057%1h$452K$1.2M50xas long as short
Hyperliquid RENDER+0.096%+0.0683%1h$3.8M$4.1M5xas long as short
Coinbase International RENDER-PERP-INTX+0.282%+0.0408%1h$153K$54K50xas long as short