RENDER

Alert

Funding spread now, next payment 15:00 UTC−0.2044%/8h

next payment, per $10,000−$2.55paid, last 24h−0.131%paid, last 5 days−0.083%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.083% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.55 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	Deribit RENDER_USDC-PERPETUAL	1.8224	−0.0189	get 0.0024% / 1h	58m 34s	$15K	$123K	25x
Short	Injective RENDER/USDC PERP	1.8280	−0.2233	pay 0.0279% / 1h	58m 34s	$7K	$113K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersRate

Funding earned: −$429.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$436.23
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 42 min ago; Injective: live order book, 32 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.307%
Avg gap 7d: −0.205%

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, 42 min ago	5.52 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 32 min ago	130.37 bp	doesn't fit	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
Injective RENDER/USDC PERPshort	−0.2233%	1h	$7K	$113K	12x
Deribit RENDER_USDC-PERPETUALlong	−0.0189%	1h	$15K	$123K	25x
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	$261K	$220K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.8M	$60.3M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$12.1M	$19.1M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.2M	$12.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$512K	$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	+0.0256%	1h	$159K	$80K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.0303%	1h	$484K	$1.5M	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	$593K	$1.5M	90x	as long as short
Hyperliquid RENDER	+0.0362%	1h	$4.0M	$4.4M	5x	as long as short