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−$89
spread now−0.178%7d average−0.041%fees + slippage, in and out−$75spread needed0.752%
Long on PhoenixShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix RENDER1.79320.0089pay 0.0011% / 1h57m 22s$39K$338K5x
ShortKuCoin RENDERUSDTM1.79000.0100get 0.0050% / 4h57m 22s$4.5M$13.0M50x

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
−$17.85
Funding while held
$0.33
Slippage, 4 orders
−$56.24
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$92.76
Spread needed to break even
0.752%
Slippage from Phoenix: live order book, 35 min ago; KuCoin: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
+0.0011%
Per $10,000 a day
+$0.33
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, 35 min ago1.12 bp13.6 bp −$1453.3 bp −$533doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago2.79 bp24.6 bp −$2554.9 bp −$549doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1.7880cheapestVariational Omni1.7885+0.030%BloFin1.7890+0.056%Gate1.7893+0.073%MEXC1.7900+0.112%
KuCoin1.7900+0.112%
Injective1.7900+0.112%Phemex1.7900+0.112%Extended1.7908+0.158%Bitget1.7909+0.162%Binance1.7910+0.167%OKX1.7910+0.168%BingX1.7910+0.168%Deribit1.7911+0.173%GMX1.7914+0.192%Aster1.7915+0.199%dYdX1.7920+0.226%ApeX Omni1.7922+0.235%
Phoenix1.7932+0.291%
Kraken Futures1.7932+0.292%Hyperliquid1.7948+0.380%Coinbase International1.7950+0.391%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit RENDERUSDT−0.290%+0.0100%4h$11.7M$14.6M50xas long as short
Variational Omni RENDER−0.260%−0.0099%4h$215K$256K—as long as short
BloFin RENDER-USDT−0.234%+0.0340%4h$579K$1.3M90xas long as short
Gate RENDER_USDT−0.217%+0.0032%4h$519K$1.1M50xas long as short
MEXC RENDER_USDT−0.178%+0.0100%4h$10.6M$9.7M200xas long as short
KuCoin RENDERUSDTMshort−0.178%+0.0100%4h$4.5M$13.0M50x
Injective RENDER/USDC PERP−0.178%−0.0619%1h$5K$91K12xas long as short
Phemex RENDERUSDT−0.178%+0.0100%8h$1.9M$4.0M50xas long as short
Extended RENDER-USD−0.132%+0.0104%1h$30K$179K10xas long as short
Bitget RENDERUSDT−0.128%+0.0100%4h$9.5M$10.4M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance RENDERUSDT−0.123%+0.0100%4h$11.7M$48.5M75xas long as short
OKX RENDER-USDT-SWAP−0.123%+0.0100%4h$3.1M$8.5M20xas long as short
BingX RENDER-USDT−0.123%+0.0100%4h—$4.2M—as long as short
Deribit RENDER_USDC-PERPETUAL−0.117%0.0000%1h$10K$127K25xas long as short
GMX RENDER/USD [ETH-USDC]−0.098%L +0.0334% / S −0.0778%1h$13K—100xas long as short
Aster RENDERUSDT−0.092%+0.0100%4h$257K$177K20xas long as short
dYdX RENDER-USD−0.065%0.0000%1h$18K$22K5xas long as short
ApeX Omni RENDERUSDT−0.056%+0.0100%1h$43K$261K50xas long as short
Phoenix RENDERlong0.000%+0.0089%1h$39K$338K5x
Kraken Futures PF_RENDERUSD+0.001%+0.0287%1h$456K$1.1M50xas long as short
Hyperliquid RENDER+0.089%+0.1404%1h$3.9M$4.2M5xas long as short
Coinbase International RENDER-PERP-INTX+0.100%+0.0464%1h$154K$54K50xas long as short