TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

RENDER

All RENDER markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
HyperliquidRENDER
1.7044+0.0100pay 0.0013% / 1h29m 52s$2.4M$704K5xLong Hyperliquid4% off
SHORT
TxFlowRENDER-USDC
1.7000+0.0100get 0.0013% / 1h29m 52s$133K$82K50xShort TxFlow5% off
Price gap−0.260%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.069% under its 7d average: the price leg works against you, −$7 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$270.0000% /8h now · paid −0.266% over the last 7D
Price−$7spread −0.260% now, avg −0.191% → −0.069% if it goes back
Costs−$430.433% of $10k · taker + slippage, in and out
Result−$77−0.77%+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.260%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

RENDER on 25 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size16.8 / 7.5 bp
    At $10k entering Hyperliquid costs 16.8 bp, fee and slippage, 2.3× TxFlow’s.
  • Note: Margin at max leverage$2,000 + $200
    Hyperliquid 5x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.260% vs −0.191%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$133K vs $2.4M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2 · TxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legHyperliquid No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0127%/8h × 21 periods−$26.57
Price spread−0.260% → −0.191% (7d avg)−$6.85
Slippage, 4 orderslive order books−$25.26
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$76.69
Costs to cover0.433%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 10 min ago; TxFlow: live order book, 61 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid2.3316.8 bp−$1738.9 bp−$389doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.967.5 bp−$715.9 bp−$159121.7 bp−$12.2Kdoesn’t fit

Closing costs about the same again.

Alert

RENDER news

posts that mention RENDER, from every exchangeSearch all news →
09-24 20:07OKXProductNew X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,200 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗
09-24 19:59OKXProductNew X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗