RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.067%

Price spread now: Phoenix against BloFin+0.039%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$530.528% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.691%−$69 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.039%, 7d avg +0.029%

Together, before fees−0.505%−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RENDER-USDT	1.8060	0.0340	pay 0.0170% / 4h	2h 17m	$600K	$1.2M	90x
Short	Phoenix RENDER	1.8067	0.0264	get 0.0033% / 1h	17m 00s	$46K	$334K	5x

Funding history

latest

Range statsloading…

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now +0.039%Rate

Slippage from BloFin: live order book, 5 min ago; Phoenix: live order book, 30 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 5 min ago	2.78 bp	14.3 bp −$14	16.5 bp −$165	106.7 bp −$10.7K	doesn't fit
Sell Phoenix live order book, 30 min ago	1.10 bp	13.5 bp −$13	45.5 bp −$455	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
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8056	−0.022%	$18K	$37K	25x	as long as short
dYdX RENDER-USD	+0.0012%	1h	1.8057	−0.018%	$18K	$22K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8050	−0.055%	$276K	$177K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8039	−0.114%	$11.7M	$47.7M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8020	−0.221%	$11.8M	$13.4M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8050	−0.055%	$3.1M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8066	+0.033%	$520K	$1.3M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8030	−0.166%	$10.7M	$11.3M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8060	0.000%	$4.8M	$10.9M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8043	−0.094%	$9.8M	$10.8M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8060	0.000%	—	$5.2M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.7992	−0.377%	$255K	$314K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8075	+0.083%	$40K	$250K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8050	−0.055%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8026	−0.186%	$26K	$191K	10x	as long as short
Injective RENDER/USDC PERP	+0.0235%	1h	1.8030	−0.166%	$11K	$194K	12x	as long as short
Phoenix RENDERshort	+0.0264%	1h	1.8067	+0.039%	$46K	$334K	5x
BloFin RENDER-USDTlong	+0.0340%	4h	1.8060	long leg	$600K	$1.2M	90x
GMX RENDER/USD [ETH-USDC]	L +0.0361% / S −0.0906%	1h	1.8049	−0.064%	$15K	—	100x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0584%	1h	1.8100	+0.221%	$150K	$60K	50x	as long as short
Hyperliquid RENDER	+0.0619%	1h	1.8056	−0.022%	$4.0M	$3.3M	5x	as long as short
Kraken Futures PF_RENDERUSD	+0.1240%	1h	1.8078	+0.100%	$422K	$1.3M	50x	as long as short