RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.179%

Price spread now: Injective against Deribit−0.097%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.097% cheaper against Deribit than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RENDER_USDC-PERPETUAL	1.8568	0	get 0.0000% / 1h	36m 49s	$11K	$30K	25x
Short	Injective RENDER/USDC PERP	1.8550	0.0110	get 0.0014% / 1h	36m 49s	$6K	$187K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now −0.097%Rate

Funding earned: $23.06
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $6.35
Costs to cover: 0.070%
Break-even: 5.1 days

Slippage unknown: Deribit: no order-book sample; Injective: live order book, 57 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Injective live order book, 57 min ago	40.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.083%	$224K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8568	−0.001%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALlong	0.0000%	1h	1.8568	long leg	$11K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8585	+0.089%	$268K	$166K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8566	−0.012%	$12.4M	$47.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8542	−0.140%	$12.0M	$13.5M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8570	+0.011%	$3.1M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8554	−0.075%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8560	−0.043%	$12.3M	$10.5M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8550	−0.097%	$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	+0.005%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8560	−0.043%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8549	−0.102%	$43K	$266K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8570	+0.011%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8558	−0.051%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERPshort	+0.0110%	1h	1.8550	−0.097%	$6K	$187K	12x
Phoenix RENDER	+0.0173%	1h	1.8597	+0.156%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0256%	1h	1.8440	−0.689%	$152K	$65K	50x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8590	+0.118%	$597K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8563	−0.030%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0596%	1h	1.8597	+0.154%	$483K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1781%	1h	1.8616	+0.257%	$4.3M	$3.4M	5x	as long as short