RENDER

Alert

Funding spread now, next payment 19:00 UTC+0.0899%/8h

next payment, per $10,000+$1.12paid, last 24h+0.115%paid, last 3 days+0.228%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 0.228% in total (about 28.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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	GMX RENDER/USD [ETH-USDC]	1.7932	L +0.0334% / S −0.0778%	pay 0.0042% / 1h	59m 29s	$13K	—	100x
Short	Hyperliquid RENDER	1.7959	0.1233	get 0.0154% / 1h	59m 29s	$3.9M	$4.2M	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersRate

Funding earned: $188.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $167.75
Break-even: 0.8 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.149%
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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	1.67 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_RENDERUSD	−0.0277%	1h	$457K	$1.1M	50x	as long as short
Injective RENDER/USDC PERP	−0.0124%	1h	$5K	$97K	12x	as long as short
Variational Omni RENDER	−0.0099%	4h	$215K	$256K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$22K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	$10K	$127K	25x	as long as short
Gate RENDER_USDT	+0.0034%	4h	$519K	$1.1M	50x	as long as short
Phoenix RENDER	+0.0090%	1h	$39K	$338K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$258K	$177K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.7M	$48.5M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.7M	$14.7M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$8.5M	20x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	$10.6M	$9.7M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.5M	$13.0M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$43K	$261K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$30K	$179K	10x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0334% / S −0.0778%	1h	$13K	—	100x
BloFin RENDER-USDT	+0.0340%	4h	$577K	$1.3M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0456%	1h	$154K	$53K	50x	as long as short
Hyperliquid RENDERshort	+0.1233%	1h	$3.9M	$4.2M	5x