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

RENDER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.004%
Price spread now: Aster against OKX+0.054%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$860.862% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.016%+$2 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.054%, 7d avg +0.057%
Together, before fees−0.028%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RENDER-USDT-SWAP1.80300.0100pay 0.0050% / 4h52m 45s$3.1M$8.2M20x
ShortAster RENDERUSDT1.80400.0187get 0.0094% / 4h52m 45s$274K$188K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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
$18.32
Price spread: +0.054% → +0.057%
−$0.25
Slippage, 4 orders
−$68.22
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$68.15
Costs to cover
0.862%
Break-even
33.0 days
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 49 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 OKX live order book, 5 min ago5.55 bp18.2 bp −$1848.6 bp −$486doesn't fitdoesn't fit
Sell Aster live order book, 49 min ago8.28 bp32.4 bp −$32doesn't fitdoesn'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−0.0131%1h1.80300.000%$11K$194K12xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8015−0.083%$18K$37K25xas long as short
dYdX RENDER-USD+0.0030%1h1.8034+0.022%$18K$22K5xas long as short
Binance RENDERUSDT+0.0100%4h1.8020−0.053%$11.7M$46.5M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8010−0.111%$11.8M$12.8M50xas long as short
OKX RENDER-USDT-SWAPlong+0.0100%4h1.8030long leg$3.1M$8.2M20x
Gate RENDER_USDT+0.0100%4h1.8015−0.083%$516K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8020−0.055%$10.9M$11.7M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.80300.000%$4.8M$10.3M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8021−0.050%$9.8M$10.7M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8020−0.055%$5.1Mas long as short
Variational Omni RENDER+0.0100%4h1.7967−0.351%$255K$314Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.7999−0.172%$40K$251K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8020−0.055%$1.8M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8022−0.044%$25K$194K10xas long as short
Aster RENDERUSDTshort+0.0187%4h1.8040+0.054%$274K$188K20x
Phoenix RENDER+0.0266%1h1.7996−0.189%$46K$339K5xas long as short
Hyperliquid RENDER+0.0331%1h1.8048+0.100%$4.1M$3.4M5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8010−0.111%$603K$1.2M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0360% / S −0.0906%1h1.8013−0.094%$15K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0512%1h1.8060+0.166%$149K$61K50xas long as short
Kraken Futures PF_RENDERUSD+0.0736%1h1.8031+0.003%$420K$1.4M50xas long as short