data as of
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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−$127
spread now−0.383%7d average−0.082%fees + slippage, in and out−$97spread needed0.971%
Long on PhoenixShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix RENDER1.8039−0.0045get 0.0006% / 1h32m 22s$38K$493K5x
ShortPhemex RENDERUSDT1.7970−0.0412pay 0.0412% / 8h7h 32m$1.9M$4.4M50x

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
−$38.25
Funding while held
−$11.01
Slippage, 4 orders
−$78.13
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$146.39
Spread needed to break even
0.971%
Slippage from Phoenix: live order book, 11 min ago; Phemex: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0367%
Per $10,000 a day
−$11.01
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, 11 min ago1.11 bp13.5 bp −$1353.2 bp −$532doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago2.79 bp46.5 bp −$47117.3 bp −$1,173doesn't fitdoesn't fit

RENDER price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.7840cheapest
Phemex1.7970+0.729%
Gate1.7981+0.790%Bybit1.7986+0.818%BloFin1.7990+0.841%Deribit1.7993+0.858%Extended1.7995+0.866%KuCoin1.8000+0.897%BingX1.8000+0.897%Bitget1.8003+0.914%Aster1.8003+0.914%Variational Omni1.8004+0.921%Binance1.8007+0.939%Kraken Futures1.8008+0.944%OKX1.8010+0.953%MEXC1.8010+0.953%dYdX1.8012+0.963%GMX1.8016+0.988%Hyperliquid1.8029+1.059%
Phoenix1.8039+1.115%
ApeX Omni1.8059+1.228%Coinbase International1.8080+1.345%

RENDER on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective RENDER/USDC PERP−1.103%+0.0339%1h$6K$113K12xas long as short
Phemex RENDERUSDTshort−0.383%−0.0412%8h$1.9M$4.4M50x
Gate RENDER_USDT−0.322%+0.0036%4h$527K$1.2M50xas long as short
Bybit RENDERUSDT−0.294%+0.0100%4h$11.7M$18.3M50xas long as short
BloFin RENDER-USDT−0.272%+0.0340%4h$585K$1.5M90xas long as short
Deribit RENDER_USDC-PERPETUAL−0.255%−0.0250%1h$10K$127K25xas long as short
Extended RENDER-USD−0.246%+0.0104%1h$30K$192K10xas long as short
KuCoin RENDERUSDTM−0.216%+0.0100%4h$4.6M$13.2M50xas long as short
BingX RENDER-USDT−0.216%+0.0100%4h—$4.2M—as long as short
Bitget RENDERUSDT−0.200%+0.0100%4h$9.5M$12.5M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster RENDERUSDT−0.199%+0.0100%4h$261K$230K20xas long as short
Variational Omni RENDER−0.192%+0.0016%4h$216K$120K—as long as short
Binance RENDERUSDT−0.175%+0.0100%4h$11.8M$60.1M75xas long as short
Kraken Futures PF_RENDERUSD−0.170%−0.0057%1h$466K$1.5M50xas long as short
OKX RENDER-USDT-SWAP−0.161%+0.0100%4h$3.1M$11.6M20xas long as short
MEXC RENDER_USDT−0.161%+0.0100%4h$10.5M$12.6M200xas long as short
dYdX RENDER-USD−0.151%0.0000%1h$18K$23K5xas long as short
GMX RENDER/USD [ETH-USDC]−0.126%L +0.0335% / S −0.0778%1h$13K—100xas long as short
Hyperliquid RENDER−0.055%+0.0587%1h$3.8M$4.5M5xas long as short
Phoenix RENDERlong0.000%−0.0045%1h$38K$493K5x
ApeX Omni RENDERUSDT+0.111%+0.0100%1h$46K$260K50xas long as short
Coinbase International RENDER-PERP-INTX+0.227%+0.0368%1h$155K$70K50xas long as short