RENDER

Alert

Funding spread now, next payment 14:00 UTC+0.0400%/8h

paid, last 24h+0.025%paid, last 5 days+0.174%to open and close $10k−$54

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.174% in total (about 14.0% 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	Deribit RENDER_USDC-PERPETUAL	1.8181	−0.0300	get 0.0037% / 1h	0m 17s	$14K	$123K	25x
Short	Bybit RENDERUSDT	1.8171	0.0100	get 0.0050% / 4h	2h 00m	$12.0M	$19.0M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BybitbpOrdersRate

Funding earned: $83.94
Slippage, 4 orders: −$36.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $29.5
Break-even: 4.5 days

Slippage from Deribit: live order book, 40 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.055%
Avg gap 7d: −0.083%

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, 40 min ago	5.52 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.75 bp	15.6 bp −$16	43.3 bp −$433	389.8 bp −$39.0K	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	−0.0300%	1h	$14K	$123K	25x
Injective RENDER/USDC PERP	−0.0103%	1h	$7K	$141K	12x	as long as short
Variational Omni RENDER	−0.0053%	4h	$227K	$110K	—	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	$220K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.8M	$60.3M	75x	as long as short
Bybit RENDERUSDTshort	+0.0100%	4h	$12.0M	$19.0M	50x
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$12.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$511K	$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	$11.8M	$11.3M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.6M	$12.3M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.8M	$11.9M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$49K	$258K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$2.0M	$4.4M	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	$159K	$80K	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	$592K	$1.5M	90x	as long as short
Hyperliquid RENDER	+0.0354%	1h	$3.9M	$4.4M	5x	as long as short
Kraken Futures PF_RENDERUSD	+0.0486%	1h	$483K	$1.5M	50x	as long as short