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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.121%
7d average—if it closes, per $10,000$12funding while held, a day−$7.03
Long on GMXShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX RENDER/USD [ETH-USDC]1.7924L +0.0334% / S −0.0778%pay 0.0042% / 1h58m 56s$13K—100x
ShortApeX Omni RENDERUSDT1.79020.0100get 0.0013% / 1h58m 56s$43K$261K50x

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
−$12.06
Funding while held
−$7.03
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$41.09
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 34 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0234%
Per $10,000 a day
−$7.03
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 GMX no order-book sample—————
Sell ApeX Omni live order book, 34 min ago7.54 bp15.2 bp −$15142.1 bp −$1,421doesn't fitdoesn't fit
GMX: 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.
Variational Omni1.7885cheapestBybit1.7890+0.025%
ApeX Omni1.7902+0.093%
Gate1.7908+0.126%KuCoin1.7910+0.137%Extended1.7918+0.183%Binance1.7920+0.193%OKX1.7920+0.193%MEXC1.7920+0.193%BingX1.7920+0.193%Injective1.7920+0.193%Phemex1.7920+0.193%BloFin1.7920+0.193%dYdX1.7920+0.195%Bitget1.7921+0.199%Deribit1.7923+0.210%
GMX1.7924+0.213%
Aster1.7930+0.249%Phoenix1.7932+0.260%Kraken Futures1.7948+0.349%Coinbase International1.7950+0.361%Hyperliquid1.7967+0.456%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni RENDER−0.213%−0.0099%4h$215K$256K—as long as short
Bybit RENDERUSDT−0.188%+0.0100%4h$11.7M$14.7M50xas long as short
ApeX Omni RENDERUSDTshort−0.121%+0.0100%1h$43K$261K50x
Gate RENDER_USDT−0.087%+0.0034%4h$519K$1.1M50xas long as short
KuCoin RENDERUSDTM−0.076%+0.0100%4h$4.5M$13.0M50xas long as short
Extended RENDER-USD−0.030%+0.0104%1h$30K$179K10xas long as short
Binance RENDERUSDT−0.020%+0.0100%4h$11.7M$48.5M75xas long as short
OKX RENDER-USDT-SWAP−0.020%+0.0100%4h$3.1M$8.5M20xas long as short
MEXC RENDER_USDT−0.020%+0.0100%4h$10.6M$9.7M200xas long as short
BingX RENDER-USDT−0.020%+0.0100%4h—$4.2M—as long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERP−0.020%−0.0619%1h$6K$91K12xas long as short
Phemex RENDERUSDT−0.020%+0.0100%8h$1.9M$4.0M50xas long as short
BloFin RENDER-USDT−0.020%+0.0340%4h$580K$1.3M90xas long as short
dYdX RENDER-USD−0.018%0.0000%1h$18K$22K5xas long as short
Bitget RENDERUSDT−0.015%+0.0100%4h$9.5M$10.4M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.003%0.0000%1h$10K$127K25xas long as short
GMX RENDER/USD [ETH-USDC]long0.000%L +0.0334% / S −0.0778%1h$13K—100x
Aster RENDERUSDT+0.036%+0.0100%4h$258K$177K20xas long as short
Phoenix RENDER+0.047%+0.0090%1h$39K$338K5xas long as short
Kraken Futures PF_RENDERUSD+0.136%+0.0287%1h$457K$1.1M50xas long as short
Coinbase International RENDER-PERP-INTX+0.147%+0.0464%1h$154K$54K50xas long as short
Hyperliquid RENDER+0.242%+0.1500%1h$3.9M$4.2M5xas long as short