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−$63
spread now+0.063%7d average+0.009%fees + slippage, in and out−$68spread needed0.684%
Long on PhoenixShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix RENDER1.79390.0044pay 0.0006% / 1h36m 11s$39K$400K5x
ShortKraken Futures PF_RENDERUSD1.79500.0057get 0.0007% / 1h36m 11s$464K$1.1M50x

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
$6.33
Funding while held
$0.37
Slippage, 4 orders
−$51.38
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$61.68
Spread needed to break even
0.684%
Slippage from Phoenix: live order book, 68 min ago; Kraken Futures: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0012%
Per $10,000 a day
+$0.37
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, 68 min ago1.11 bp13.5 bp −$1353.2 bp −$532doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago10.88 bp25.5 bp −$2647.1 bp −$471doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7810cheapestVariational Omni1.7836+0.146%Gate1.7891+0.455%BingX1.7900+0.505%Extended1.7917+0.603%Bybit1.7920+0.618%dYdX1.7921+0.625%Bitget1.7922+0.629%Deribit1.7924+0.640%GMX1.7925+0.645%Aster1.7925+0.647%MEXC1.7930+0.674%KuCoin1.7930+0.674%Phemex1.7930+0.674%BloFin1.7930+0.674%Binance1.7930+0.676%ApeX Omni1.7934+0.696%
Phoenix1.7939+0.724%
OKX1.7940+0.730%
Kraken Futures1.7950+0.788%
Hyperliquid1.7957+0.825%Coinbase International1.7960+0.842%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERP−0.719%−0.2464%1h$6K$79K12xas long as short
Variational Omni RENDER−0.574%−0.0051%4h$291K$169K—as long as short
Gate RENDER_USDT−0.268%−0.0130%4h$529K$1.1M50xas long as short
BingX RENDER-USDT−0.217%+0.0100%4h—$4.1M—as long as short
Extended RENDER-USD−0.120%+0.0104%1h$30K$179K10xas long as short
Bybit RENDERUSDT−0.106%+0.0100%4h$11.8M$15.1M50xas long as short
dYdX RENDER-USD−0.099%0.0000%1h$18K$22K5xas long as short
Bitget RENDERUSDT−0.095%+0.0100%4h$9.5M$10.8M50xas long as short
Deribit RENDER_USDC-PERPETUAL−0.084%−0.0029%1h$10K$127K25xas long as short
GMX RENDER/USD [ETH-USDC]−0.078%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster RENDERUSDT−0.077%+0.0100%4h$259K$181K20xas long as short
MEXC RENDER_USDT−0.050%+0.0100%4h$11.0M$11.2M200xas long as short
KuCoin RENDERUSDTM−0.050%+0.0100%4h$4.5M$12.6M50xas long as short
Phemex RENDERUSDT−0.050%+0.0013%8h$1.9M$4.1M50xas long as short
BloFin RENDER-USDT−0.050%+0.0340%4h$587K$1.4M90xas long as short
Binance RENDERUSDT−0.048%+0.0100%4h$11.7M$50.0M75xas long as short
ApeX Omni RENDERUSDT−0.028%+0.0100%1h$46K$258K50xas long as short
Phoenix RENDERlong0.000%+0.0044%1h$39K$400K5x
OKX RENDER-USDT-SWAP+0.006%+0.0100%4h$3.1M$9.0M20xas long as short
Kraken Futures PF_RENDERUSDshort+0.063%+0.0057%1h$464K$1.1M50x
Hyperliquid RENDER+0.100%+0.0790%1h$4.0M$4.2M5xas long as short
Coinbase International RENDER-PERP-INTX+0.117%+0.0408%1h$154K$54K50xas long as short