RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.5% APRpaid last 24h −0.053%

Price spread now: Variational Omni against Phemex−0.093%7-day average −0.096% · you buy dearer than you sell

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

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.093%, 7d avg −0.096%

Together, before fees+0.077%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RENDERUSDT	1.8570	0.0100	pay 0.0100% / 8h	37m 14s	$1.9M	$4.0M	50x
Short	Variational Omni RENDER	1.8553	−0.0088	pay 0.0044% / 4h	37m 14s	$224K	$296K	—

Funding history

latest

Range statsloading…

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.093%Rate

Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 42 min ago. Net counts fees only.

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, 2 min ago	8.07 bp	30.7 bp −$31	96.8 bp −$968	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	5.43 bp	doesn't fit	32.6 bp −$326	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
Variational Omni RENDERshort	−0.0088%	4h	1.8553	−0.093%	$224K	$296K	—
dYdX RENDER-USD	0.0000%	1h	1.8568	−0.012%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8568	−0.011%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8589	+0.105%	$268K	$166K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8570	0.000%	$12.4M	$47.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8545	−0.135%	$12.0M	$13.5M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8570	0.000%	$3.1M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8554	−0.086%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8560	−0.054%	$12.3M	$10.5M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8550	−0.108%	$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	1.8575	+0.027%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8560	−0.054%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8549	−0.113%	$43K	$266K	50x	as long as short
Phemex RENDERUSDTlong	+0.0100%	8h	1.8570	long leg	$1.9M	$4.0M	50x
Extended RENDER-USD	+0.0104%	1h	1.8568	−0.013%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8550	−0.108%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8597	+0.145%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0256%	1h	1.8440	−0.700%	$152K	$65K	50x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8590	+0.108%	$597K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8563	−0.040%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0596%	1h	1.8597	+0.143%	$483K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1784%	1h	1.8619	+0.264%	$4.3M	$3.4M	5x	as long as short