data as of
Settings8H · net · $10k
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Price arb /

RENDER

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$78
spread now−0.340%7d average−0.066%fees + slippage, in and out−$51spread needed0.507%
Long on PhoenixShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix RENDER1.79430.0044pay 0.0006% / 1h41m 24s$39K$400K5x
ShortDeribit RENDER_USDC-PERPETUAL1.7882−0.0365pay 0.0046% / 1h41m 24s$10K$127K25x

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
−$34
Funding while held
−$12.28
Slippage, 4 orders
−$36.67
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$96.95
Spread needed to break even
0.507%
Slippage from Phoenix: live order book, 62 min ago; Deribit: live order book, 44 min ago.

Cost of waiting

funding view
Funding /8h
−0.0409%
Per $10,000 a day
−$12.28
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 Phoenix live order book, 62 min ago1.11 bp13.5 bp −$1353.2 bp −$532doesn't fitdoesn't fit
Sell Deribit live order book, 44 min ago5.57 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7810cheapestBybit1.7842+0.180%BingX1.7850+0.225%Bitget1.7862+0.292%Binance1.7867+0.319%Gate1.7867+0.320%Extended1.7867+0.322%OKX1.7870+0.337%MEXC1.7870+0.337%KuCoin1.7870+0.337%dYdX1.7870+0.338%Aster1.7870+0.338%GMX1.7875+0.367%Phemex1.7880+0.393%
Deribit1.7882+0.404%
Kraken Futures1.7901+0.513%Hyperliquid1.7911+0.567%BloFin1.7920+0.618%ApeX Omni1.7943+0.747%
Phoenix1.7943+0.747%
Variational Omni1.8016+1.155%Coinbase International1.8190+2.134%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERP−0.741%−0.2464%1h$6K$79K12xas long as short
Bybit RENDERUSDT−0.563%+0.0100%4h$11.7M$15.3M50xas long as short
BingX RENDER-USDT−0.518%+0.0100%4h—$4.2M—as long as short
Bitget RENDERUSDT−0.451%+0.0100%4h$9.5M$10.9M50xas long as short
Binance RENDERUSDT−0.425%+0.0100%4h$11.7M$50.6M75xas long as short
Gate RENDER_USDT−0.424%−0.0084%4h$528K$1.1M50xas long as short
Extended RENDER-USD−0.422%+0.0104%1h$30K$179K10xas long as short
OKX RENDER-USDT-SWAP−0.407%+0.0100%4h$3.1M$9.1M20xas long as short
MEXC RENDER_USDT−0.407%+0.0100%4h$11.1M$11.1M200xas long as short
KuCoin RENDERUSDTM−0.407%+0.0100%4h$4.5M$12.7M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX RENDER-USD−0.406%0.0000%1h$18K$22K5xas long as short
Aster RENDERUSDT−0.406%+0.0100%4h$259K$181K20xas long as short
GMX RENDER/USD [ETH-USDC]−0.377%L +0.0334% / S −0.0778%1h$13K—100xas long as short
Phemex RENDERUSDT−0.351%+0.0030%8h$1.8M$4.2M50xas long as short
Deribit RENDER_USDC-PERPETUALshort−0.340%−0.0365%1h$10K$127K25x
Kraken Futures PF_RENDERUSD−0.232%+0.0057%1h$463K$1.2M50xas long as short
Hyperliquid RENDER−0.178%+0.0824%1h$3.9M$4.3M5xas long as short
BloFin RENDER-USDT−0.128%+0.0340%4h$590K$1.4M90xas long as short
ApeX Omni RENDERUSDT0.000%+0.0100%1h$46K$258K50xas long as short
Phoenix RENDERlong0.000%+0.0044%1h$39K$400K5x
Variational Omni RENDER+0.405%−0.0033%4h$294K$169K—as long as short
Coinbase International RENDER-PERP-INTX+1.377%+0.0408%1h$156K$55K50xas long as short