RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.058%

Price spread now: Deribit against Aster−0.088%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$740.739% of the position

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.300%−$30 on $10k

Price spread, last 3 days (all we have)−0.557%−$56 · spread now −0.088%, 7d avg −0.077%

Together, before fees−0.857%+ Points / potential airdropAster: Stage 5 · farm board−$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RENDERUSDT	1.8697	0.0100	pay 0.0050% / 4h	2h 37m	$272K	$189K	20x
Short	Deribit RENDER_USDC-PERPETUAL	1.8681	−0.0071	pay 0.0009% / 1h	37m 34s	$11K	$30K	25x

Funding history

latest

Range statsloading…

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.088%Rate

Slippage from Aster: live order book, 49 min ago; Deribit: live order book, 71 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 49 min ago	8.13 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 71 min ago	5.51 bp	14.3 bp −$14	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	−0.0440%	1h	1.8640	−0.307%	$6K	$141K	12x	as long as short
Variational Omni RENDER	−0.0257%	4h	1.8615	−0.440%	$225K	$258K	—	as long as short
Bybit RENDERUSDT	−0.0105%	4h	1.8670	−0.147%	$12.2M	$14.6M	50x	as long as short
Deribit RENDER_USDC-PERPETUALshort	−0.0071%	1h	1.8681	−0.088%	$11K	$30K	25x
dYdX RENDER-USD	0.0000%	1h	1.8699	+0.011%	$19K	$21K	5x	as long as short
Aster RENDERUSDTlong	+0.0100%	4h	1.8697	long leg	$272K	$189K	20x
Binance RENDERUSDT	+0.0100%	4h	1.8688	−0.048%	$12.5M	$49.0M	75x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8690	−0.040%	$3.2M	$8.8M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8680	−0.093%	$547K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8690	−0.040%	$12.0M	$10.2M	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	1.8690	−0.040%	$5.2M	$13.0M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8686	−0.061%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8690	−0.040%	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8646	−0.275%	$44K	$265K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8670	−0.147%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8692	−0.032%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8683	−0.077%	$40K	$336K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8650	−0.254%	$601K	$1.4M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0341% / S −0.0785%	1h	1.8680	−0.091%	$14K	—	100x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0520%	1h	1.8640	−0.307%	$154K	$68K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.0744%	1h	1.8701	+0.020%	$489K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0910%	1h	1.8713	+0.083%	$4.3M	$4.3M	5x	as long as short