RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0352%/8h= −38.5% APRnext payment −$0.44 per $10,000 · paid last 24h +0.113%

Price spread now: dYdX against Coinbase International+0.149%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. dYdX is 0.149% dearer against Coinbase International than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RENDER-PERP-INTX	1.8440	0.0352	pay 0.0044% / 1h	15m 19s	$152K	$66K	50x
Short	dYdX RENDER-USD	1.8467	0	get 0.0000% / 1h	15m 19s	$19K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$73.92
Price spread: +0.149% → 0.000%: $14.87
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$79.05
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; dYdX: 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, 2 min ago	16.27 bp	72.8 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Injective RENDER/USDC PERP	−0.0576%	1h	1.8450	+0.054%	$6K	$187K	12x	as long as short
Variational Omni RENDER	−0.0268%	4h	1.8418	−0.121%	$223K	$297K	—	as long as short
dYdX RENDER-USDshort	0.0000%	1h	1.8467	+0.149%	$19K	$21K	5x
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8464	+0.130%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8470	+0.163%	$267K	$175K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8471	+0.166%	$12.2M	$47.8M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8450	+0.054%	$12.0M	$13.7M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8460	+0.108%	$3.1M	$8.4M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8455	+0.081%	$534K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8460	+0.108%	$12.0M	$10.5M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	1.8440	0.000%	$5.0M	$12.7M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8464	+0.130%	$10.0M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8460	+0.108%	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8439	−0.005%	$43K	$267K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8470	+0.163%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8460	+0.109%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0131%	1h	1.8456	+0.087%	$47K	$325K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8430	−0.054%	$593K	$1.3M	90x	as long as short
Coinbase International RENDER-PERP-INTXlong	+0.0352%	1h	1.8440	long leg	$152K	$66K	50x
GMX RENDER/USD [ETH-USDC]	L +0.0363% / S −0.0912%	1h	1.8458	+0.097%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0578%	1h	1.8491	+0.277%	$480K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0665%	1h	1.8506	+0.358%	$4.2M	$3.5M	5x	as long as short