Spread before costs (cost unknown: a leg has no order-book sample)+0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX RENDER-USD | 1.7966 | 0 | get 0.0000% / 1h | 9m 12s | $18K | $25K | 5x |
| Short | Binance RENDERUSDT | 1.7981 | 0.0100 | get 0.0050% / 4h | 1h 09m | $11.7M | $61.9M | 75x |
dYdX RENDER-USD
Binance RENDERUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.34
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.66
- Spread needed to break even
- 0.200%
Slippage unknown: dYdX: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 2.80 bp | 14.9 bp −$15 | 33.2 bp −$332 | 156.2 bp −$15.6K | doesn't fit |
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.Phoenix1.7863cheapestVariational Omni1.7916+0.298%Injective1.7930+0.375%ApeX Omni1.7937+0.414%Gate1.7960+0.543%KuCoin1.7960+0.543%
Phoenix
Variational Omni
Injective
ApeX Omni
Gate
KuCoindYdX1.7966+0.579%
MEXC1.7970+0.599%Phemex1.7970+0.599%Bybit1.7972+0.610%Extended1.7977+0.636%Coinbase International1.7980+0.655%GMX1.7981+0.659%
MEXC
Phemex
Bybit
Extended
Coinbase International
GMXBinance1.7981+0.663%
Deribit1.7982+0.666%Bitget1.7988+0.700%Aster1.7989+0.707%OKX1.7990+0.711%BingX1.7990+0.711%BloFin1.7990+0.711%Hyperliquid1.7996+0.745%Kraken Futures1.8005+0.795%
Deribit
Bitget
Aster
OKX
BingX
BloFin
Hyperliquid
Kraken FuturesRENDER on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix RENDER | −0.576% | 0.0000% | 1h | $38K | $476K | 5x | as long as short |
| Variational Omni RENDER | −0.280% | −0.0016% | 4h | $214K | $121K | — | as long as short |
| Injective RENDER/USDC PERP | −0.203% | −0.2233% | 1h | $7K | $113K | 12x | as long as short |
| ApeX Omni RENDERUSDT | −0.164% | +0.0100% | 1h | $48K | $260K | 50x | as long as short |
| Gate RENDER_USDT | −0.036% | +0.0100% | 4h | $515K | $1.4M | 50x | as long as short |
| KuCoin RENDERUSDTM | −0.036% | +0.0100% | 4h | $4.7M | $12.7M | 50x | as long as short |
| dYdX RENDER-USDlong | 0.000% | 0.0000% | 1h | $18K | $25K | 5x | |
| MEXC RENDER_USDT | +0.020% | +0.0100% | 4h | $11.4M | $11.6M | 200x | as long as short |
| Phemex RENDERUSDT | +0.020% | +0.0100% | 8h | $1.9M | $4.5M | 50x | as long as short |
| Bybit RENDERUSDT | +0.031% | +0.0100% | 4h | $11.9M | $19.4M | 50x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended RENDER-USD | +0.057% | +0.0104% | 1h | $30K | $206K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.076% | +0.0256% | 1h | $155K | $80K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | +0.080% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x | as long as short |
| Binance RENDERUSDTshort | +0.083% | +0.0100% | 4h | $11.7M | $61.9M | 75x | |
| Deribit RENDER_USDC-PERPETUAL | +0.087% | −0.0250% | 1h | $14K | $123K | 25x | as long as short |
| Bitget RENDERUSDT | +0.120% | +0.0100% | 4h | $9.7M | $12.7M | 50x | as long as short |
| Aster RENDERUSDT | +0.127% | +0.0100% | 4h | $257K | $224K | 20x | as long as short |
| OKX RENDER-USDT-SWAP | +0.131% | +0.0100% | 4h | $3.1M | $12.1M | 20x | as long as short |
| BingX RENDER-USDT | +0.131% | +0.0100% | 4h | — | $4.3M | — | as long as short |
| BloFin RENDER-USDT | +0.131% | +0.0340% | 4h | $590K | $1.5M | 90x | as long as short |
| Hyperliquid RENDER | +0.165% | +0.0331% | 1h | $3.8M | $4.5M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.214% | +0.0307% | 1h | $465K | $1.5M | 50x | as long as short |