RENDER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowRENDER-USDC	1.6940	+0.0100	pay 0.0013% / 1h	16m 20s	$132K	$83K	50x	Long TxFlow5% off
SHORT	HyperliquidRENDER	1.6984	+0.0100	get 0.0013% / 1h	16m 20s	$2.4M	$686K	5x	Short Hyperliquid4% off

Price gap+0.260%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$7 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$270.0000% /8h now · paid +0.270% over the last 7D

Price+$7spread +0.260% now, avg +0.192% → +0.068% if it goes back

Costs−$390.386% of $10k · taker + slippage, in and out

Result−$5−0.05%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

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

5 ok · 1 to watch

OK: Fits both order books7.6 / 13.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$200 + $2,000
TxFlow 50x, Hyperliquid 5x. 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 TxFlow: 24 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
OK: Entry gap works for you+0.260% vs +0.192%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$132K vs $2.4M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Hyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Hyperliquid 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+0.0129%/8h × 21 periods+$27.00

Price spread+0.260% → +0.192% (7d avg)+$6.82

Slippage, 4 orderslive order books−$20.57

Fee TxFlow bp × 2 orders−$9.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k−$4.76

Costs to cover0.386%Break-even8.2 days

Slippage: TxFlow: live order book, 15 min ago; Hyperliquid: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow2.967.6 bp−$821.5 bp−$215130.1 bp−$13.0Kdoesn’t fit

SELL · SHORTHyperliquid2.0613.1 bp−$1336.5 bp−$365doesn’t fitdoesn’t fit

Closing costs about the same again.

RENDER news

posts that mention RENDER, from every exchangeSearch all news →

09-24 20:07	OKX	Product	New 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 19:59	OKX	Product	New 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 ↗