RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Bybit against Phemex−0.086%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$770.765% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.086%, 7d avg −0.069%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RENDERUSDT	1.8560	0.0100	pay 0.0100% / 8h	37m 41s	$1.9M	$4.0M	50x
Short	Bybit RENDERUSDT	1.8544	0.0100	get 0.0050% / 4h	37m 41s	$12.0M	$13.5M	50x

Funding history

latest

Range statsloading…

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now −0.086%Rate

Slippage from Phemex: live order book, 6 min ago; Bybit: live order book, 6 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	2.69 bp	20.9 bp −$21	91.7 bp −$917	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.69 bp	15.8 bp −$16	35.8 bp −$358	505.7 bp −$50.6K	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
Variational Omni RENDER	−0.0088%	4h	1.8553	−0.039%	$224K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8568	+0.042%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8562	+0.011%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8589	+0.156%	$268K	$166K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8563	+0.014%	$12.4M	$47.0M	75x	as long as short
Bybit RENDERUSDTshort	+0.0100%	4h	1.8544	−0.086%	$12.0M	$13.5M	50x
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8570	+0.054%	$3.2M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8553	−0.038%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8560	0.000%	$12.3M	$10.5M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8550	−0.054%	$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	+0.048%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8570	+0.054%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8572	+0.065%	$43K	$266K	50x	as long as short
Phemex RENDERUSDTlong	+0.0100%	8h	1.8560	long leg	$1.9M	$4.0M	50x
Extended RENDER-USD	+0.0104%	1h	1.8566	+0.030%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8540	−0.108%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8597	+0.199%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0256%	1h	1.8440	−0.647%	$152K	$65K	50x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8560	0.000%	$597K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8560	+0.001%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0596%	1h	1.8587	+0.147%	$482K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1786%	1h	1.8616	+0.301%	$4.3M	$3.4M	5x	as long as short