data as of
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Price arb /

RENDER

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Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average−0.144%if it closes, per $10,000$3funding while held, a day−$69.32
Long on GateShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RENDER_USDT1.76550.0100pay 0.0050% / 4h18m 23s$501K$1.4M50x
ShortInjective RENDER/USDC PERP1.7660−0.2211pay 0.0276% / 1h18m 23s$6K$113K12x

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
$2.83
Funding while held
−$69.32
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$81.51
Spread needed to break even
0.150%
Slippage unknown: Gate: live order book, just now; Injective: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.2311%
Per $10,000 a day
−$69.32
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 Gate live order book, just now4.82 bp37.0 bp −$37136.3 bp −$1,363doesn't fitdoesn't fit
Sell Injective live order book, 2 min ago19.77 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
MEXC1.7640cheapestBybit1.7643+0.017%Variational Omni1.7644+0.020%Extended1.7647+0.038%Binance1.7650+0.057%BingX1.7650+0.057%BloFin1.7650+0.057%Bitget1.7654+0.079%
Gate1.7655+0.085%
ApeX Omni1.7655+0.085%GMX1.7655+0.086%dYdX1.7658+0.103%OKX1.7660+0.113%KuCoin1.7660+0.113%
Injective1.7660+0.113%
Aster1.7669+0.166%Phoenix1.7670+0.170%Hyperliquid1.7674+0.195%Phemex1.7680+0.227%Deribit1.7684+0.249%Coinbase International1.7690+0.283%Kraken Futures1.7705+0.368%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC RENDER_USDT−0.085%+0.0100%4h$10.4M$12.4M200xas long as short
Bybit RENDERUSDT−0.068%+0.0100%4h$11.5M$19.6M50xas long as short
Variational Omni RENDER−0.065%+0.0009%4h$212K$121K—as long as short
Extended RENDER-USD−0.047%+0.0104%1h$29K$192K10xas long as short
Binance RENDERUSDT−0.028%+0.0100%4h$11.3M$63.1M75xas long as short
BingX RENDER-USDT−0.028%+0.0100%4h—$4.3M—as long as short
BloFin RENDER-USDT−0.028%+0.0340%4h$581K$1.5M90xas long as short
Bitget RENDERUSDT−0.006%+0.0100%4h$9.4M$12.9M50xas long as short
Gate RENDER_USDTlong0.000%+0.0100%4h$501K$1.4M50x
ApeX Omni RENDERUSDT0.000%+0.0100%1h$45K$260K50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX RENDER/USD [ETH-USDC]+0.001%L +0.0333% / S −0.0778%1h$13K—100xas long as short
dYdX RENDER-USD+0.018%+0.1813%1h$18K$25K5xas long as short
OKX RENDER-USDT-SWAP+0.028%+0.0100%4h$3.0M$12.0M20xas long as short
KuCoin RENDERUSDTM+0.028%+0.0100%4h$4.5M$13.1M50xas long as short
Injective RENDER/USDC PERPshort+0.028%−0.2211%1h$6K$113K12x
Aster RENDERUSDT+0.081%+0.0100%4h$254K$230K20xas long as short
Phoenix RENDER+0.085%−0.0045%1h$38K$488K5xas long as short
Hyperliquid RENDER+0.110%+0.0425%1h$3.7M$4.6M5xas long as short
Phemex RENDERUSDT+0.142%+0.0100%8h$1.9M$4.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL+0.164%−0.0315%1h$10K$127K25xas long as short
Coinbase International RENDER-PERP-INTX+0.198%+0.0344%1h$152K$72K50xas long as short
Kraken Futures PF_RENDERUSD+0.283%+0.0146%1h$457K$1.5M50xas long as short