RENDER arbitrage explained
Right now Render (RENDER) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $2.12 and the highest bid on Variational perp at $2.12.
The widest RENDER perpetual spread is between Binance and Variational: long RENDER on Binance at $2.12 and short on Variational at $2.12 for +0.09% gross, or -0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.000% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RENDER route is to buy spot on Binance and short the perpetual on Variational: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.
Spot–spot RENDER arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small RENDER gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: RENDER funding rates · RENDER spread charts · Render price · arbitrage scanner for all coins.