data as of
Settings8H · net · $10k
Funding arb /

RENDER

all RENDER markets
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Funding spread now, next payment 14:00 UTC−0.0235%/8h
paid, last 24h−0.035%paid, last 3 days−0.057%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -7.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX RENDER/USD [ETH-USDC]1.8146L +0.0335% / S −0.0765%pay 0.0042% / 1h41m 01s$13K100x
ShortBitget RENDERUSDT1.81340.0100get 0.0050% / 4h2h 41m$9.8M$11.7M50x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
−$49.3
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$73.3
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.068%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Bitget live order book, 4 min ago4.96 bp18.4 bp −$1837.5 bp −$375doesn't fitdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit RENDER_USDC-PERPETUAL−0.0301%1h$14K$123K25xas long as short
Variational Omni RENDER−0.0145%4h$220K$99Kas long as short
Injective RENDER/USDC PERP−0.0103%1h$7K$141K12xas long as short
dYdX RENDER-USD0.0000%1h$18K$26K5xas long as short
Phoenix RENDER0.0000%1h$39K$466K5xas long as short
Aster RENDERUSDT+0.0100%4h$260K$219K20xas long as short
Binance RENDERUSDT+0.0100%4h$11.7M$58.6M75xas long as short
Bybit RENDERUSDT+0.0100%4h$12.0M$18.7M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h$3.1M$11.8M20xas long as short
Gate RENDER_USDT+0.0100%4h$519K$1.3M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC RENDER_USDT+0.0100%4h$12.1M$11.0M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h$4.6M$12.0M50xas long as short
Bitget RENDERUSDTshort+0.0100%4h$9.8M$11.7M50x
BingX RENDER-USDT+0.0100%4h$4.2Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h$49K$259K50xas long as short
Phemex RENDERUSDT+0.0100%8h$2.0M$4.1M50xas long as short
Extended RENDER-USD+0.0104%1h$30K$206K10xas long as short
Coinbase International RENDER-PERP-INTX+0.0128%1h$157K$77K50xas long as short
GMX RENDER/USD [ETH-USDC]longL +0.0335% / S −0.0765%1h$13K100x
BloFin RENDER-USDT+0.0340%4h$588K$1.5M90xas long as short
Kraken Futures PF_RENDERUSD+0.0487%1h$478K$1.4M50xas long as short
Hyperliquid RENDER+0.0516%1h$4.1M$4.2M5xas long as short