RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.104%

Price spread now: Deribit against Coinbase International+0.662%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.891%−$89 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.662% dearer against Coinbase International than usual: you sell high and buy low (spread +0.662% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RENDER-PERP-INTX	1.8440	0.0256	pay 0.0032% / 1h	37m 38s	$152K	$65K	50x
Short	Deribit RENDER_USDC-PERPETUAL	1.8562	0	get 0.0000% / 1h	37m 38s	$11K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.662%Rate

Funding earned: −$53.76
Price spread: +0.662% → 0.000%: $66.16
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.6
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 40 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 40 min ago	16.27 bp	72.8 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RENDER on 22 venues

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
Variational Omni RENDER	−0.0088%	4h	1.8553	+0.611%	$224K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8568	+0.693%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALshort	0.0000%	1h	1.8562	+0.662%	$11K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8589	+0.808%	$268K	$166K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8563	+0.665%	$12.4M	$47.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8544	+0.564%	$12.0M	$13.5M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8570	+0.705%	$3.2M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8553	+0.613%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8560	+0.651%	$12.3M	$10.5M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8550	+0.597%	$5.1M	$12.4M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8569	+0.700%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8570	+0.705%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8572	+0.716%	$43K	$266K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8560	+0.651%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8566	+0.681%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8540	+0.542%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8597	+0.851%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTXlong	+0.0256%	1h	1.8440	long leg	$152K	$65K	50x
BloFin RENDER-USDT	+0.0340%	4h	1.8560	+0.651%	$597K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8560	+0.652%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0596%	1h	1.8587	+0.799%	$482K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1786%	1h	1.8616	+0.954%	$4.3M	$3.4M	5x	as long as short