RENDER

Alert

Funding spread now, next payment 13:00 UTC+0.0391%/8h

next payment, per $10,000+$0.49paid, last 24h+0.117%paid, last 7 days−0.228%to open and close $10k−$1,830

Long on Coinbase International Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.228% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. 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	Coinbase International RENDER-PERP-INTX	1.8280	0.0128	pay 0.0016% / 1h	41m 12s	$157K	$77K	50x
Short	Hyperliquid RENDER	1.8161	0.0519	get 0.0065% / 1h	41m 12s	$4.1M	$4.2M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: $82.1
Slippage, 4 orders: −$1,810.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1,747.84
Break-even: 156.0 days

Slippage from Coinbase International: live order book, 18 min ago; Hyperliquid: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.651%
Avg gap 7d: −0.102%

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 Coinbase International live order book, 18 min ago	11.04 bp	1150.8 bp −$1,151	doesn't fit	doesn't fit	doesn't fit
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	−0.0301%	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	$18.7M	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-USDT	+0.0100%	4h	—	$4.2M	—	as long as short
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-INTXlong	+0.0128%	1h	$157K	$77K	50x
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	$1.5M	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