RENDER

Alert

Funding spread now, next payment 16:00 UTC−0.2544%/8h

next payment, per $10,000−$3.18paid, last 24h−0.242%paid, last 3 days−0.359%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 -0.359% in total (about -46.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 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]	1.7675	L +0.0333% / S −0.0778%	pay 0.0042% / 1h	17m 12s	$13K	—	100x
Short	Injective RENDER/USDC PERP	1.7670	−0.2211	pay 0.0276% / 1h	17m 12s	$6K	$113K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee InjectivebpOrdersRate

Funding earned: −$534.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$546.26
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.026%
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 Injective live order book, 3 min ago	19.77 bp	doesn't fit	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
Injective RENDER/USDC PERPshort	−0.2211%	1h	$6K	$113K	12x
Deribit RENDER_USDC-PERPETUAL	−0.0315%	1h	$10K	$127K	25x	as long as short
Phoenix RENDER	−0.0045%	1h	$38K	$488K	5x	as long as short
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]long	L +0.0333% / S −0.0778%	1h	$13K	—	100x
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-USD	+0.1827%	1h	$18K	$25K	5x	as long as short