Settings8H · net · $10k
Funding arb · Price arb /

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Extended+1.230%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs+$39as in the Price arb table
costs, in and out, $10k−$780.785% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 3 days (all we have)−1.087%−$109 · spread now +1.230%, 7d avg +0.052%
Together, before fees−1.048%+ Points / potential airdropExtended: Active · farm board−$105 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 1.179% dearer against Extended than usual: you sell high and buy low, +$118 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RENDER-USD1.86400.0104pay 0.0013% / 1h11m 29s$29K$205K10x
ShortApeX Omni RENDERUSDT1.88690.0100get 0.0013% / 1h11m 29s$47K$269K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$0.84
Price spread: +1.230% → +0.052%
$117.86
Slippage, 4 orders
−$63.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$38.53
Costs to cover
0.785%
Break-even
from the start
Slippage from Extended: live order book, 60 min ago; ApeX Omni: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 60 min ago14.19 bp25.2 bp −$25172.6 bp −$1,726doesn't fitdoesn't fit
Sell ApeX Omni live order book, 60 min ago5.90 bp13.0 bp −$13109.1 bp −$1,091doesn'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
Injective RENDER/USDC PERP−0.0213%1h1.8840+1.075%$6K$188K12xas long as short
Coinbase International RENDER-PERP-INTX−0.0040%1h1.8830+1.021%$155K$65K50xas long as short
Variational Omni RENDER−0.0011%4h1.8797+0.845%$231K$280Kas long as short
dYdX RENDER-USD0.0000%1h1.8647+0.039%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8642+0.013%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8655+0.083%$269K$146K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8650+0.056%$12.5M$46.1M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8628−0.062%$12.1M$13.0M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8660+0.109%$3.2M$8.2M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8642+0.013%$527K$1.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC RENDER_USDT+0.0100%4h1.8640+0.002%$11.9M$10.9M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8640+0.002%$5.2M$12.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8648+0.045%$10.0M$10.5M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8640+0.002%$3.9Mas long as short
ApeX Omni RENDERUSDTshort+0.0100%1h1.8869+1.230%$47K$269K50x
Phemex RENDERUSDT+0.0100%8h1.8660+0.109%$1.9M$3.9M50xas long as short
Extended RENDER-USDlong+0.0104%1h1.8640long leg$29K$205K10x
Phoenix RENDER+0.0171%1h1.8727+0.469%$48K$324K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8700+0.324%$594K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8650+0.054%$16K100xas long as short
Kraken Futures PF_RENDERUSD+0.0405%1h1.8674+0.187%$479K$1.1M50xas long as short
Hyperliquid RENDER+0.0845%1h1.8686+0.249%$4.3M$3.4M5xas long as short