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)+0.167%
7d average+0.180%if it closes, per $10,000$17funding while held, a day+$69.98
Long on InjectiveShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective RENDER/USDC PERP1.7930−0.2233get 0.0279% / 1h9m 44s$7K$113K12x
ShortBingX RENDER-USDT1.79600.0100get 0.0050% / 4h1h 09m—$4.3M—

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
$16.73
Funding while held
$69.98
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
$76.69
Spread needed to break even
0.100%
Slippage unknown: Injective: live order book, 16 min ago; BingX: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.2333%
Per $10,000 a day
+$69.98
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, 16 min ago22.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago5.58 bp12.3 bp −$1224.5 bp −$24578.5 bp −$7,853964.8 bp −$482.4K

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni1.7846cheapestPhoenix1.7863+0.095%BloFin1.7900+0.303%Phemex1.7910+0.359%Variational Omni1.7916+0.393%Deribit1.7918+0.403%GMX1.7919+0.411%
Injective1.7930+0.471%
Kraken Futures1.7938+0.515%Aster1.7947+0.565%Gate1.7948+0.572%Bybit1.7950+0.583%MEXC1.7950+0.583%Extended1.7953+0.598%Binance1.7958+0.628%OKX1.7960+0.639%KuCoin1.7960+0.639%
BingX1.7960+0.639%
Bitget1.7964+0.661%dYdX1.7966+0.675%Coinbase International1.7980+0.751%Hyperliquid1.7986+0.784%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni RENDERUSDT−0.468%+0.0100%1h$48K$260K50xas long as short
Phoenix RENDER−0.374%0.0000%1h$38K$476K5xas long as short
BloFin RENDER-USDT−0.167%+0.0340%4h$588K$1.5M90xas long as short
Phemex RENDERUSDT−0.112%+0.0100%8h$1.9M$4.5M50xas long as short
Variational Omni RENDER−0.077%−0.0016%4h$214K$121K—as long as short
Deribit RENDER_USDC-PERPETUAL−0.067%−0.0252%1h$14K$123K25xas long as short
GMX RENDER/USD [ETH-USDC]−0.059%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Injective RENDER/USDC PERPlong0.000%−0.2233%1h$7K$113K12x
Kraken Futures PF_RENDERUSD+0.044%+0.0308%1h$464K$1.5M50xas long as short
Aster RENDERUSDT+0.094%+0.0100%4h$257K$224K20xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate RENDER_USDT+0.100%+0.0100%4h$515K$1.4M50xas long as short
Bybit RENDERUSDT+0.112%+0.0100%4h$11.9M$19.4M50xas long as short
MEXC RENDER_USDT+0.112%+0.0100%4h$11.3M$11.6M200xas long as short
Extended RENDER-USD+0.127%+0.0104%1h$30K$206K10xas long as short
Binance RENDERUSDT+0.156%+0.0100%4h$11.7M$61.9M75xas long as short
OKX RENDER-USDT-SWAP+0.167%+0.0100%4h$3.1M$12.1M20xas long as short
KuCoin RENDERUSDTM+0.167%+0.0100%4h$4.7M$12.7M50xas long as short
BingX RENDER-USDTshort+0.167%+0.0100%4h—$4.3M—
Bitget RENDERUSDT+0.190%+0.0100%4h$9.7M$12.7M50xas long as short
dYdX RENDER-USD+0.203%0.0000%1h$18K$25K5xas long as short
Coinbase International RENDER-PERP-INTX+0.279%+0.0256%1h$155K$80K50xas long as short
Hyperliquid RENDER+0.312%+0.0327%1h$3.8M$4.5M5xas long as short