Settings8H · net · $10k
Funding arb · Price arb /

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.008%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.040%+$4 · spread now +0.008%, 7d avg +0.015%
Together, before fees+0.041%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.84400.0100pay 0.0050% / 4h49m 34s$12.7M$11.2M200x
ShortBinance RENDERUSDT1.84420.0100get 0.0050% / 4h49m 34s$12.3M$47.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.008% → +0.015%
−$0.69
Slippage, 4 orders
−$21.88
Fee MEXC: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$32.57
Costs to cover
0.319%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago2.69 bp2.7 bp −$38.8 bp −$8842.8 bp −$4,277201.1 bp −$100.6K
Sell Binance live order book, 8 min ago2.67 bp16.4 bp −$1632.5 bp −$325147.0 bp −$14.7Kdoesn't fit

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RENDER/USDC PERP−0.0223%1h1.8640+1.085%$6K$188K12xas long as short
dYdX RENDER-USD0.0000%1h1.8447+0.036%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8492+0.282%$11K$30K25xas long as short
Binance RENDERUSDTshort+0.0100%4h1.8442+0.008%$12.3M$47.0M75x
Bybit RENDERUSDT+0.0100%4h1.8430−0.054%$11.8M$13.2M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8450+0.054%$3.1M$8.1M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8434−0.033%$549K$1.2M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8440long leg$12.7M$11.2M200x
KuCoin RENDERUSDTM+0.0100%4h1.8450+0.054%$5.0M$11.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8449+0.049%$10.0M$10.8M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.84400.000%$3.6Mas long as short
Variational Omni RENDER+0.0100%4h1.8492+0.281%$263K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8514+0.401%$41K$253K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8490+0.271%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8434−0.031%$26K$200K10xas long as short
Phoenix RENDER+0.0299%1h1.8523+0.450%$48K$315K5xas long as short
Aster RENDERUSDT+0.0327%4h1.8463+0.123%$267K$147K20xas long as short
BloFin RENDER-USDT+0.0340%4h1.8550+0.597%$586K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0365% / S −0.0912%1h1.8489+0.264%$15K100xas long as short
Hyperliquid RENDER+0.0587%1h1.8487+0.255%$4.2M$3.2M5xas long as short
Coinbase International RENDER-PERP-INTX+0.0720%1h1.8450+0.054%$151K$56K50xas long as short
Kraken Futures PF_RENDERUSD+0.1270%1h1.8509+0.373%$481K$1.1M50xas long as short