RENDER

Alert

Funding spread now, next payment 17:00 UTC−0.0503%/8h

paid, last 24h−0.147%paid, last 7 days−0.211%to open and close $10k−$76

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid RENDER	1.8027	0.0603	pay 0.0075% / 1h	33m 45s	$3.8M	$4.5M	5x
Short	KuCoin RENDERUSDTM	1.7980	0.0100	get 0.0050% / 4h	3h 33m	$4.6M	$13.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersRate

Funding earned: −$105.6
Slippage, 4 orders: −$55.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$181.8
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; KuCoin: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.261%
Avg gap 7d: −0.050%

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 Hyperliquid live order book, 9 min ago	2.21 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.57 bp	29.0 bp −$29	71.6 bp −$716	doesn't fit	doesn't fit

RENDER on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex RENDERUSDT	−0.0352%	8h	$1.9M	$4.4M	50x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0195%	1h	$10K	$127K	25x	as long as short
Kraken Futures PF_RENDERUSD	−0.0057%	1h	$466K	$1.5M	50x	as long as short
Phoenix RENDER	−0.0045%	1h	$38K	$493K	5x	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$23K	5x	as long as short
Variational Omni RENDER	+0.0016%	4h	$216K	$120K	—	as long as short
Gate RENDER_USDT	+0.0028%	4h	$529K	$1.2M	50x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$261K	$230K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.8M	$60.5M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.7M	$18.4M	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	$11.6M	20x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	$10.5M	$12.6M	200x	as long as short
KuCoin RENDERUSDTMshort	+0.0100%	4h	$4.6M	$13.2M	50x
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$12.5M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$46K	$260K	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$30K	$192K	10x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0335% / S −0.0778%	1h	$13K	—	100x	as long as short
Injective RENDER/USDC PERP	+0.0339%	1h	$6K	$113K	12x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$584K	$1.5M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0368%	1h	$155K	$70K	50x	as long as short
Hyperliquid RENDERlong	+0.0603%	1h	$3.8M	$4.5M	5x