RENDER

Alert

Funding spread now, next payment 15:00 UTC+0.0295%/8h

paid, last 24h+0.046%paid, last 5 days+0.135%to open and close $10k−$42

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.135% in total (about 10.8% 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	1.7958	−0.0195	get 0.0024% / 1h	5m 00s	$14K	$123K	25x
Short	MEXC RENDER_USDT	1.7960	0.0100	get 0.0050% / 4h	1h 05m	$11.4M	$11.7M	200x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee MEXCbpOrdersRate

Funding earned: $62.01
Slippage, 4 orders: −$34.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $20.44
Break-even: 4.7 days

Slippage from Deribit: live order book, 30 min ago; MEXC: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.011%
Avg gap 7d: −0.021%

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, 30 min ago	8.29 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.78 bp	15.2 bp −$15	35.6 bp −$356	78.2 bp −$7,815	243.0 bp −$121.5K

RENDER on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.2233%	1h	$7K	$113K	12x	as long as short
Deribit RENDER_USDC-PERPETUALlong	−0.0195%	1h	$14K	$123K	25x
Variational Omni RENDER	−0.0004%	4h	$215K	$121K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$25K	5x	as long as short
Phoenix RENDER	0.0000%	1h	$38K	$476K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$257K	$230K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.6M	$62.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.9M	$19.4M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$12.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$516K	$1.4M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC RENDER_USDTshort	+0.0100%	4h	$11.4M	$11.7M	200x
KuCoin RENDERUSDTM	+0.0100%	4h	$4.7M	$12.7M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.7M	$12.8M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$46K	$262K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$1.9M	$4.5M	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	$155K	$80K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.0307%	1h	$465K	$1.5M	50x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0335% / S −0.0778%	1h	$13K	—	100x	as long as short
Hyperliquid RENDER	+0.0337%	1h	$3.8M	$4.5M	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$585K	$1.5M	90x	as long as short