data as of
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Price arb /

RENDER

all RENDER markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.944%
7d average−0.149%if it closes, per $10,000$94funding while held, a day+$7.18
Long on MEXCShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.80100.0100pay 0.0050% / 4h3h 31m$10.5M$12.6M200x
ShortInjective RENDER/USDC PERP1.78400.0339get 0.0042% / 1h31m 52s$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
−$94.39
Funding while held
$7.18
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$87.23
Spread needed to break even
0.000%
Slippage unknown: MEXC: live order book, 3 min ago; Injective: live order book, 49 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 MEXC live order book, 3 min ago2.79 bp2.8 bp −$38.0 bp −$8053.7 bp −$5,365224.3 bp −$112.1K
Sell Injective live order book, 49 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.
Injective1.7840cheapest
Phemex1.7970+0.729%Gate1.7988+0.830%BloFin1.7990+0.841%Bybit1.7996+0.874%OKX1.8000+0.897%KuCoin1.8000+0.897%Bitget1.8003+0.914%Variational Omni1.8004+0.921%
MEXC1.8010+0.953%
BingX1.8010+0.953%Deribit1.8010+0.953%dYdX1.8012+0.963%Binance1.8015+0.980%GMX1.8016+0.988%Extended1.8018+0.998%Aster1.8023+1.027%Kraken Futures1.8023+1.027%Phoenix1.8039+1.115%Hyperliquid1.8041+1.127%ApeX Omni1.8059+1.228%Coinbase International1.8080+1.345%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERPshort−0.944%+0.0339%1h$6K$113K12x
Phemex RENDERUSDT−0.222%−0.0430%8h$1.9M$4.4M50xas long as short
Gate RENDER_USDT−0.122%+0.0036%4h$527K$1.2M50xas long as short
BloFin RENDER-USDT−0.111%+0.0340%4h$585K$1.5M90xas long as short
Bybit RENDERUSDT−0.078%+0.0100%4h$11.8M$18.3M50xas long as short
OKX RENDER-USDT-SWAP−0.056%+0.0100%4h$3.1M$11.6M20xas long as short
KuCoin RENDERUSDTM−0.056%+0.0100%4h$4.6M$13.2M50xas long as short
Bitget RENDERUSDT−0.039%+0.0100%4h$9.5M$12.5M50xas long as short
Variational Omni RENDER−0.031%+0.0016%4h$216K$120K—as long as short
MEXC RENDER_USDTlong0.000%+0.0100%4h$10.5M$12.6M200x
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX RENDER-USDT0.000%+0.0100%4h—$4.2M—as long as short
Deribit RENDER_USDC-PERPETUAL0.000%−0.0249%1h$10K$127K25xas long as short
dYdX RENDER-USD+0.010%0.0000%1h$18K$23K5xas long as short
Binance RENDERUSDT+0.027%+0.0100%4h$11.8M$60.1M75xas long as short
GMX RENDER/USD [ETH-USDC]+0.035%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Extended RENDER-USD+0.045%+0.0104%1h$30K$192K10xas long as short
Aster RENDERUSDT+0.073%+0.0100%4h$261K$230K20xas long as short
Kraken Futures PF_RENDERUSD+0.074%−0.0057%1h$464K$1.5M50xas long as short
Phoenix RENDER+0.161%−0.0045%1h$38K$493K5xas long as short
Hyperliquid RENDER+0.172%+0.0578%1h$3.8M$4.5M5xas long as short
ApeX Omni RENDERUSDT+0.272%+0.0100%1h$46K$260K50xas long as short
Coinbase International RENDER-PERP-INTX+0.389%+0.0368%1h$155K$70K50xas long as short