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)−0.889%
7d average−0.198%if it closes, per $10,000$89funding while held, a day+$7.18
Long on KuCoinShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RENDERUSDTM1.79900.0100pay 0.0050% / 4h3h 26m$4.6M$13.0M50x
ShortInjective RENDER/USDC PERP1.78300.0339get 0.0042% / 1h26m 08s$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
−$88.94
Funding while held
$7.18
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$93.78
Spread needed to break even
0.120%
Slippage unknown: KuCoin: live order book, 9 min ago; Injective: live order book, 54 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0239%
Per $10,000 a day
+$7.18
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 KuCoin live order book, 9 min ago5.57 bp23.0 bp −$2373.6 bp −$736doesn't fitdoesn't fit
Sell Injective live order book, 54 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.
Injective1.7830cheapest
Variational Omni1.7986+0.875%Bybit1.7988+0.886%
KuCoin1.7990+0.897%
Phemex1.7990+0.897%Deribit1.7993+0.914%Extended1.7998+0.944%Binance1.8000+0.953%MEXC1.8000+0.953%Gate1.8001+0.959%Phoenix1.8003+0.970%BingX1.8010+1.010%BloFin1.8010+1.010%GMX1.8010+1.010%Bitget1.8013+1.026%ApeX Omni1.8013+1.026%OKX1.8020+1.066%Aster1.8022+1.079%Kraken Futures1.8024+1.089%dYdX1.8028+1.110%Hyperliquid1.8032+1.133%Coinbase International1.8080+1.402%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERPshort−0.889%+0.0339%1h$6K$113K12x
Variational Omni RENDER−0.022%−0.0002%4h$215K$120K—as long as short
Bybit RENDERUSDT−0.011%+0.0100%4h$11.8M$17.6M50xas long as short
KuCoin RENDERUSDTMlong0.000%+0.0100%4h$4.6M$13.0M50x
Phemex RENDERUSDT0.000%−0.0297%8h$1.9M$4.4M50xas long as short
Deribit RENDER_USDC-PERPETUAL+0.017%−0.0139%1h$10K$127K25xas long as short
Extended RENDER-USD+0.046%+0.0104%1h$30K$181K10xas long as short
Binance RENDERUSDT+0.056%+0.0100%4h$11.8M$58.6M75xas long as short
MEXC RENDER_USDT+0.056%+0.0100%4h$10.5M$12.6M200xas long as short
Gate RENDER_USDT+0.061%+0.0008%4h$529K$1.2M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix RENDER+0.072%−0.0045%1h$38K$493K5xas long as short
BingX RENDER-USDT+0.111%+0.0100%4h—$4.2M—as long as short
BloFin RENDER-USDT+0.111%+0.0340%4h$586K$1.5M90xas long as short
GMX RENDER/USD [ETH-USDC]+0.112%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Bitget RENDERUSDT+0.128%+0.0100%4h$9.6M$12.3M50xas long as short
ApeX Omni RENDERUSDT+0.128%+0.0100%1h$46K$259K50xas long as short
OKX RENDER-USDT-SWAP+0.167%+0.0100%4h$3.1M$11.4M20xas long as short
Aster RENDERUSDT+0.180%+0.0100%4h$261K$219K20xas long as short
Kraken Futures PF_RENDERUSD+0.190%−0.0057%1h$468K$1.4M50xas long as short
dYdX RENDER-USD+0.211%0.0000%1h$18K$23K5xas long as short
Hyperliquid RENDER+0.233%+0.0531%1h$3.8M$4.5M5xas long as short
Coinbase International RENDER-PERP-INTX+0.500%+0.0368%1h$155K$57K50xas long as short