RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.048%

Price spread now: Coinbase International against OKX+0.273%7-day average +0.258% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1921.924% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.637%+$64 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.273%, 7d avg +0.258%

Together, before fees+0.559%+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.258%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RENDER-USDT-SWAP	1.8310	0.0100	pay 0.0050% / 4h	2h 57m	$3.1M	$8.0M	20x
Short	Coinbase International RENDER-PERP-INTX	1.8360	0.0168	get 0.0021% / 1h	57m 08s	$151K	$64K	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.273%Rate

Slippage from OKX: live order book, 6 min ago; Coinbase International: live order book, 11 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 6 min ago	2.70 bp	17.6 bp −$18	53.0 bp −$530	doesn't fit	doesn't fit
Sell Coinbase International live order book, 11 min ago	16.09 bp	93.7 bp −$94	doesn't fit	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	−0.0344%	1h	1.8380	+0.382%	$6K	$188K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8377	+0.365%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8349	+0.213%	$10K	$30K	25x	as long as short
Variational Omni RENDER	+0.0055%	4h	1.8412	+0.556%	$226K	$279K	—	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8385	+0.411%	$266K	$142K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8340	+0.164%	$12.2M	$46.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8300	−0.055%	$11.8M	$13.0M	50x	as long as short
OKX RENDER-USDT-SWAPlong	+0.0100%	4h	1.8310	long leg	$3.1M	$8.0M	20x
Gate RENDER_USDT	+0.0100%	4h	1.8292	−0.098%	$515K	$1.0M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8300	−0.055%	$11.1M	$10.8M	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	1.8340	+0.164%	$4.9M	$12.2M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8309	−0.005%	$9.8M	$10.5M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8300	−0.055%	—	$3.9M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8441	+0.715%	$46K	$269K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8360	+0.273%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8344	+0.183%	$28K	$201K	10x	as long as short
Coinbase International RENDER-PERP-INTXshort	+0.0168%	1h	1.8360	+0.273%	$151K	$64K	50x
Phoenix RENDER	+0.0171%	1h	1.8384	+0.404%	$47K	$297K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8340	+0.164%	$587K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0363% / S −0.0912%	1h	1.8341	+0.172%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0670%	1h	1.8363	+0.292%	$473K	$1.0M	50x	as long as short
Hyperliquid RENDER	+0.0973%	1h	1.8345	+0.191%	$4.2M	$3.4M	5x	as long as short