RENDER

Alert

Funding spread now, next payment 14:00 UTC+0.0401%/8h

paid, last 24h+0.042%paid, last 5 days+0.131%to open and close $10k−$49

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.131% in total (about 10.6% 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	Deribit RENDER_USDC-PERPETUAL	1.8130	−0.0301	get 0.0038% / 1h	40m 46s	$14K	$123K	25x
Short	Binance RENDERUSDT	1.8133	0.0100	get 0.0050% / 4h	2h 40m	$11.7M	$58.6M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BinancebpOrdersRate

Funding earned: $84.27
Slippage, 4 orders: −$32.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $35.13
Break-even: 4.1 days

Slippage from Deribit: live order book, 65 min ago; Binance: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: +0.011%

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 Deribit live order book, 65 min ago	5.65 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.75 bp	13.5 bp −$13	29.6 bp −$296	159.5 bp −$15.9K	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-PERPETUALlong	−0.0301%	1h	$14K	$123K	25x
Variational Omni RENDER	−0.0145%	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 RENDERUSDTshort	+0.0100%	4h	$11.7M	$58.6M	75x
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	$518K	$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-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	$1.5M	90x	as long as short
Kraken Futures PF_RENDERUSD	+0.0487%	1h	$478K	$1.4M	50x	as long as short
Hyperliquid RENDER	+0.0509%	1h	$4.1M	$4.2M	5x	as long as short