RENDER

Alert

Funding spread now, next payment 15:00 UTC−0.1871%/8h

next payment, per $10,000−$2.34paid, last 24h−0.280%paid, last 5 days−1.424%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX RENDER-USD	1.7677	0.1827	pay 0.0228% / 1h	17m 18s	$18K	$25K	5x
Short	Phoenix RENDER	1.7670	−0.0045	pay 0.0006% / 1h	17m 18s	$38K	$488K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee PhoenixbpOrdersRate

Funding earned: −$393.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$410.01
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 32 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.040%
Avg gap 7d: —

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 dYdX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 32 min ago	1.12 bp	13.6 bp −$14	45.6 bp −$456	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.2211%	1h	$6K	$113K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0315%	1h	$10K	$127K	25x	as long as short
Phoenix RENDERshort	−0.0045%	1h	$38K	$488K	5x
Variational Omni RENDER	+0.0009%	4h	$212K	$121K	—	as long as short
Aster RENDERUSDT	+0.0100%	4h	$254K	$230K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.3M	$63.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.5M	$19.6M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.0M	$12.0M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$500K	$1.4M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	$10.5M	$12.4M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	$4.5M	$13.1M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.4M	$12.9M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$45K	$261K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$1.9M	$4.6M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$29K	$192K	10x	as long as short
Kraken Futures PF_RENDERUSD	+0.0146%	1h	$456K	$1.5M	50x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0333% / S −0.0778%	1h	$13K	—	100x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$581K	$1.5M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0344%	1h	$152K	$72K	50x	as long as short
Hyperliquid RENDER	+0.0429%	1h	$3.7M	$4.6M	5x	as long as short
dYdX RENDER-USDlong	+0.1827%	1h	$18K	$25K	5x