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)+0.747%
7d average+0.191%if it closes, per $10,000$75funding while held, a day+$76.92
Long on InjectiveShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective RENDER/USDC PERP1.7810−0.2464get 0.0308% / 1h40m 14s$6K$79K12x
ShortApeX Omni RENDERUSDT1.79430.0100get 0.0013% / 1h40m 14s$46K$258K50x

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
$74.68
Funding while held
$76.92
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$141.58
Spread needed to break even
0.100%
Slippage unknown: Injective: live order book, 35 min ago; ApeX Omni: live order book, 63 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.2564%
Per $10,000 a day
+$76.92
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 Injective live order book, 35 min ago131.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 63 min ago8.31 bp16.2 bp −$16123.9 bp −$1,239doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7810cheapest
Variational Omni1.7836+0.146%Bybit1.7861+0.286%Gate1.7869+0.331%KuCoin1.7880+0.393%BingX1.7880+0.393%Binance1.7881+0.399%Deribit1.7882+0.404%dYdX1.7886+0.427%GMX1.7886+0.427%Extended1.7888+0.438%OKX1.7890+0.449%MEXC1.7890+0.449%Coinbase International1.7890+0.449%Phemex1.7890+0.449%BloFin1.7890+0.449%Bitget1.7891+0.455%Aster1.7895+0.480%Kraken Futures1.7900+0.503%Hyperliquid1.7924+0.640%
ApeX Omni1.7943+0.747%
Phoenix1.7943+0.747%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERPlong0.000%−0.2464%1h$6K$79K12x
Variational Omni RENDER+0.146%−0.0051%4h$291K$169K—as long as short
Bybit RENDERUSDT+0.286%+0.0100%4h$11.7M$15.3M50xas long as short
Gate RENDER_USDT+0.331%−0.0072%4h$528K$1.1M50xas long as short
KuCoin RENDERUSDTM+0.393%+0.0100%4h$4.5M$12.6M50xas long as short
BingX RENDER-USDT+0.393%+0.0100%4h—$4.2M—as long as short
Binance RENDERUSDT+0.399%+0.0100%4h$11.7M$50.5M75xas long as short
Deribit RENDER_USDC-PERPETUAL+0.404%−0.0197%1h$10K$127K25xas long as short
dYdX RENDER-USD+0.427%0.0000%1h$18K$22K5xas long as short
GMX RENDER/USD [ETH-USDC]+0.427%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended RENDER-USD+0.438%+0.0104%1h$30K$179K10xas long as short
OKX RENDER-USDT-SWAP+0.449%+0.0100%4h$3.1M$9.1M20xas long as short
MEXC RENDER_USDT+0.449%+0.0100%4h$11.1M$11.1M200xas long as short
Coinbase International RENDER-PERP-INTX+0.449%+0.0408%1h$153K$54K50xas long as short
Phemex RENDERUSDT+0.449%+0.0039%8h$1.8M$4.2M50xas long as short
BloFin RENDER-USDT+0.449%+0.0340%4h$589K$1.4M90xas long as short
Bitget RENDERUSDT+0.455%+0.0100%4h$9.5M$10.9M50xas long as short
Aster RENDERUSDT+0.480%+0.0100%4h$259K$181K20xas long as short
Kraken Futures PF_RENDERUSD+0.503%+0.0057%1h$462K$1.2M50xas long as short
Hyperliquid RENDER+0.640%+0.0809%1h$4.0M$4.3M5xas long as short
ApeX Omni RENDERUSDTshort+0.747%+0.0100%1h$46K$258K50x
Phoenix RENDER+0.747%+0.0044%1h$39K$400K5xas long as short