RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.066%

Price spread now: Phoenix against BloFin+0.017%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$530.534% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.017%, 7d avg +0.031%

Together, before fees−0.523%−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RENDER-USDT	1.8160	0.0340	pay 0.0170% / 4h	1h 08m	$605K	$1.2M	90x
Short	Phoenix RENDER	1.8163	0.0309	get 0.0039% / 1h	8m 56s	$47K	$348K	5x

Funding history

latest

Range statsloading…

Phoenix against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BloFinbpFee PhoenixbpOrdersPrice spread, now +0.017%Rate

Slippage from BloFin: live order book, 3 min ago; Phoenix: live order book, 33 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	2.75 bp	13.5 bp −$14	19.7 bp −$197	81.5 bp −$8,149	doesn't fit
Sell Phoenix live order book, 33 min ago	1.11 bp	13.5 bp −$13	45.5 bp −$455	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.0354%	1h	1.8040	−0.661%	$11K	$194K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8146	−0.077%	$18K	$37K	25x	as long as short
dYdX RENDER-USD	+0.0027%	1h	1.8137	−0.129%	$18K	$22K	5x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8130	−0.165%	$11.7M	$46.7M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8125	−0.193%	$11.8M	$12.9M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8150	−0.055%	$3.1M	$8.2M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8130	−0.165%	$520K	$1.2M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8130	−0.165%	$11.0M	$11.7M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8140	−0.110%	$4.8M	$10.4M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8132	−0.154%	$9.8M	$10.6M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8140	−0.110%	—	$5.1M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8122	−0.211%	$257K	$314K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8139	−0.116%	$40K	$251K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8140	−0.110%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8126	−0.186%	$26K	$167K	10x	as long as short
Aster RENDERUSDT	+0.0171%	4h	1.8159	−0.005%	$276K	$178K	20x	as long as short
Hyperliquid RENDER	+0.0240%	1h	1.8149	−0.061%	$4.1M	$3.3M	5x	as long as short
Phoenix RENDERshort	+0.0309%	1h	1.8163	+0.017%	$47K	$348K	5x
BloFin RENDER-USDTlong	+0.0340%	4h	1.8160	long leg	$605K	$1.2M	90x
GMX RENDER/USD [ETH-USDC]	L +0.0361% / S −0.0906%	1h	1.8144	−0.090%	$15K	—	100x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0560%	1h	1.8170	+0.055%	$150K	$61K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.1207%	1h	1.8153	−0.038%	$421K	$1.4M	50x	as long as short