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)+1.077%
7d average+0.242%if it closes, per $10,000$108funding while held, a day−$11.89
Long on InjectiveShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective RENDER/USDC PERP1.78300.0339pay 0.0042% / 1h28m 45s$6K$113K12x
ShortKraken Futures PF_RENDERUSD1.8022−0.0057pay 0.0007% / 1h28m 45s$468K$1.4M50x

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
$107.69
Funding while held
−$11.89
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$85.77
Spread needed to break even
0.100%
Slippage unknown: Injective: live order book, 52 min ago; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0396%
Per $10,000 a day
−$11.89
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, 52 min ago19.77 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago21.35 bp29.3 bp −$2958.1 bp −$581doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7830cheapest
Bybit1.7980+0.841%Phemex1.7980+0.841%Variational Omni1.7986+0.875%MEXC1.7990+0.897%KuCoin1.7990+0.897%BingX1.7990+0.897%Gate1.7992+0.909%Deribit1.7998+0.942%Binance1.8000+0.953%Bitget1.8001+0.959%Extended1.8001+0.960%dYdX1.8009+1.004%Aster1.8010+1.008%OKX1.8010+1.010%BloFin1.8010+1.010%GMX1.8015+1.035%
Kraken Futures1.8022+1.077%
Hyperliquid1.8029+1.116%Phoenix1.8037+1.161%ApeX Omni1.8062+1.301%Coinbase International1.8080+1.402%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERPlong0.000%+0.0339%1h$6K$113K12x
Bybit RENDERUSDT+0.841%+0.0100%4h$11.7M$18.1M50xas long as short
Phemex RENDERUSDT+0.841%−0.0352%8h$1.9M$4.4M50xas long as short
Variational Omni RENDER+0.875%−0.0002%4h$215K$120K—as long as short
MEXC RENDER_USDT+0.897%+0.0100%4h$10.5M$12.6M200xas long as short
KuCoin RENDERUSDTM+0.897%+0.0100%4h$4.6M$13.1M50xas long as short
BingX RENDER-USDT+0.897%+0.0100%4h—$4.3M—as long as short
Gate RENDER_USDT+0.909%−0.0044%4h$526K$1.2M50xas long as short
Deribit RENDER_USDC-PERPETUAL+0.942%−0.0305%1h$10K$127K25xas long as short
Binance RENDERUSDT+0.953%+0.0100%4h$11.8M$59.4M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget RENDERUSDT+0.959%+0.0100%4h$9.5M$12.4M50xas long as short
Extended RENDER-USD+0.960%+0.0104%1h$30K$181K10xas long as short
dYdX RENDER-USD+1.004%0.0000%1h$18K$23K5xas long as short
Aster RENDERUSDT+1.008%+0.0100%4h$261K$219K20xas long as short
OKX RENDER-USDT-SWAP+1.010%+0.0100%4h$3.1M$11.5M20xas long as short
BloFin RENDER-USDT+1.010%+0.0340%4h$586K$1.5M90xas long as short
GMX RENDER/USD [ETH-USDC]+1.035%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Kraken Futures PF_RENDERUSDshort+1.077%−0.0057%1h$468K$1.4M50x
Hyperliquid RENDER+1.116%+0.0549%1h$3.8M$4.5M5xas long as short
Phoenix RENDER+1.161%−0.0045%1h$38K$493K5xas long as short
ApeX Omni RENDERUSDT+1.301%+0.0100%1h$46K$259K50xas long as short
Coinbase International RENDER-PERP-INTX+1.402%+0.0368%1h$155K$58K50xas long as short