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

RENDER

all RENDER markets
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: Gate against OKX−0.054%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1461.456% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.054%, 7d avg −0.062%
Together, before fees−0.149%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX RENDER-USDT-SWAP1.86900.0100pay 0.0050% / 4h2h 37m$3.2M$8.8M20x
ShortGate RENDER_USDT1.86800.0100get 0.0050% / 4h2h 37m$547K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.054% → −0.062%
$0.8
Slippage, 4 orders
−$120.65
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$144.85
Costs to cover
1.456%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 4 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 ago2.68 bp23.0 bp −$2351.4 bp −$514doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago7.27 bp41.6 bp −$42179.3 bp −$1,793doesn'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%1h1.8640−0.268%$6K$141K12xas long as short
Variational Omni RENDER−0.0257%4h1.8615−0.401%$225K$258Kas long as short
Bybit RENDERUSDT−0.0105%4h1.8667−0.123%$12.2M$14.6M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.0071%1h1.8681−0.048%$11K$30K25xas long as short
dYdX RENDER-USD0.0000%1h1.8699+0.051%$19K$21K5xas long as short
Aster RENDERUSDT+0.0100%4h1.86900.000%$272K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8694+0.023%$12.5M$49.0M75xas long as short
OKX RENDER-USDT-SWAPlong+0.0100%4h1.8690long leg$3.2M$8.8M20x
Gate RENDER_USDTshort+0.0100%4h1.8680−0.054%$547K$1.1M50x
MEXC RENDER_USDT+0.0100%4h1.86900.000%$12.0M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTM+0.0100%4h1.86900.000%$5.2M$13.0M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8689−0.005%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.86900.000%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8646−0.235%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8670−0.107%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8692+0.008%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8635−0.294%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8650−0.214%$601K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]L +0.0341% / S −0.0785%1h1.8680−0.052%$14K100xas long as short
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8640−0.268%$154K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0744%1h1.8701+0.060%$489K$1.1M50xas long as short
Hyperliquid RENDER+0.0919%1h1.8712+0.118%$4.3M$4.3M5xas long as short