RENDER

Alert

Funding spread now, next payment 14:00 UTC+0.0419%/8h

paid, last 24h+0.145%paid, last 7 days+0.212%to open and close $10k−$48

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RENDER-USDT	1.8130	0.0100	pay 0.0050% / 4h	2h 41m	—	$4.2M	—
Short	Hyperliquid RENDER	1.8161	0.0519	get 0.0065% / 1h	41m 21s	$4.1M	$4.2M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersRate

Funding earned: $87.98
Slippage, 4 orders: −$29.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $39.7
Break-even: 3.8 days

Slippage from BingX: live order book, 15 min ago; Hyperliquid: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.171%
Avg gap 7d: +0.127%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 15 min ago	5.53 bp	10.5 bp −$11	17.2 bp −$172	55.8 bp −$5,579	723.3 bp −$361.7K
Sell Hyperliquid live order book, 2 min ago	2.75 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit

RENDER on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit RENDER_USDC-PERPETUAL	−0.0246%	1h	$14K	$123K	25x	as long as short
Variational Omni RENDER	−0.0135%	4h	$220K	$99K	—	as long as short
Injective RENDER/USDC PERP	−0.0103%	1h	$7K	$141K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$26K	5x	as long as short
Phoenix RENDER	0.0000%	1h	$39K	$466K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$260K	$219K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.7M	$58.6M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$12.0M	$18.6M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$11.8M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$519K	$1.3M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC RENDER_USDT	+0.0100%	4h	$12.1M	$11.0M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.6M	$12.0M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.8M	$11.7M	50x	as long as short
BingX RENDER-USDTlong	+0.0100%	4h	—	$4.2M	—
ApeX Omni RENDERUSDT	+0.0100%	1h	$49K	$259K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$2.0M	$4.1M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$30K	$206K	10x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0128%	1h	$157K	$77K	50x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0335% / S −0.0765%	1h	$13K	—	100x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$588K	$1.4M	90x	as long as short
Kraken Futures PF_RENDERUSD	+0.0487%	1h	$478K	$1.4M	50x	as long as short
Hyperliquid RENDERshort	+0.0519%	1h	$4.1M	$4.2M	5x