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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against MEXC−0.269%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$660.656% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.120%+$12 on $10k
Price spread, last 7 days+0.294%+$29 · spread now −0.269%, 7d avg +0.064%
Together, before fees+0.414%+$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.333% cheaper against MEXC than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC RENDER_USDT1.85600.0100pay 0.0050% / 4h2h 08m$12.0M$10.4M200x
ShortKuCoin RENDERUSDTM1.85100.0100get 0.0050% / 4h2h 08m$5.1M$12.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.269% → +0.064%
−$33.33
Slippage, 4 orders
−$53.57
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$98.9
Costs to cover
0.656%
Break-even
never at this rate
Slippage from MEXC: live order book, 10 min ago; KuCoin: live order book, 10 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, 10 min ago2.69 bp2.7 bp −$39.7 bp −$9751.1 bp −$5,106223.4 bp −$111.7K
Sell KuCoin live order book, 10 min ago5.38 bp28.4 bp −$2868.9 bp −$689doesn't fitdoesn'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−0.0440%1h1.8540−0.108%$6K$165K12xas long as short
Variational Omni RENDER−0.0354%4h1.8505−0.299%$221K$294Kas long as short
Deribit RENDER_USDC-PERPETUAL−0.0020%1h1.8545−0.081%$11K$30K25xas long as short
dYdX RENDER-USD0.0000%1h1.8529−0.167%$19K$21K5xas long as short
Bybit RENDERUSDT+0.0011%4h1.8528−0.172%$12.1M$14.5M50xas long as short
Aster RENDERUSDT+0.0100%4h1.8524−0.193%$265K$186K20xas long as short
Binance RENDERUSDT+0.0100%4h1.85600.000%$12.4M$48.7M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.85600.000%$3.2M$8.6M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8514−0.248%$541K$1.1M50xas long as short
MEXC RENDER_USDTlong+0.0100%4h1.8560long leg$12.0M$10.4M200x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTMshort+0.0100%4h1.8510−0.269%$5.1M$12.9M50x
Bitget RENDERUSDT+0.0100%4h1.8553−0.038%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8500−0.323%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8539−0.113%$44K$266K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8550−0.054%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8528−0.173%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8549−0.059%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.85600.000%$602K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0362% / S −0.0904%1h1.8506−0.290%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8670+0.593%$154K$69K50xas long as short
Kraken Futures PF_RENDERUSD+0.0748%1h1.8591+0.165%$481K$1.1M50xas long as short
Hyperliquid RENDER+0.0817%1h1.8538−0.119%$4.2M$3.7M5xas long as short