RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.110%

Price spread now: Coinbase International against dYdX−0.953%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.953% cheaper against dYdX than usual: you would sell low and buy high (spread −0.953% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$95 on $10k: about 12 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX RENDER-USD	1.8617	0	get 0.0000% / 1h	51m 42s	$19K	$21K	5x
Short	Coinbase International RENDER-PERP-INTX	1.8440	0.0256	get 0.0032% / 1h	51m 42s	$152K	$65K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.953%Rate

Funding earned: $53.76
Price spread: −0.953% → 0.000%: −$95.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$61.54
Costs to cover: 0.200%
Break-even: 15.0 days

Slippage unknown: dYdX: no order-book sample; Coinbase International: live order book, 26 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 26 min ago	16.27 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RENDER	−0.0184%	4h	1.8577	−0.215%	$225K	$297K	—	as long as short
dYdX RENDER-USDlong	0.0000%	1h	1.8617	long leg	$19K	$21K	5x
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8591	−0.142%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8622	+0.022%	$269K	$173K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8630	+0.068%	$12.4M	$47.2M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8620	+0.014%	$12.1M	$13.6M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8630	+0.068%	$3.2M	$8.4M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8614	−0.018%	$539K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8630	+0.068%	$12.1M	$10.4M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8610	−0.040%	$5.1M	$12.5M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8637	+0.105%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8630	+0.068%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8597	−0.110%	$43K	$266K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8580	−0.201%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8626	+0.048%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8590	−0.147%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8617	−0.002%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTXshort	+0.0256%	1h	1.8440	−0.953%	$152K	$65K	50x
BloFin RENDER-USDT	+0.0340%	4h	1.8620	+0.014%	$591K	$1.3M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0363% / S −0.0912%	1h	1.8594	−0.128%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0596%	1h	1.8612	−0.027%	$482K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1774%	1h	1.8681	+0.341%	$4.3M	$3.5M	5x	as long as short