RENDER

Alert

Funding spread now, next payment 15:00 UTC+0.2541%/8h

next payment, per $10,000+$3.18paid, last 24h+0.267%paid, last 7 days+0.775%to open and closeno order book

Long on Injective Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.775% in total (about 40.4% 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	Injective RENDER/USDC PERP	1.7930	−0.2233	get 0.0279% / 1h	1m 12s	$7K	$113K	12x
Short	Kraken Futures PF_RENDERUSD	1.7900	0.0309	get 0.0039% / 1h	1m 12s	$465K	$1.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: $533.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $523.63
Break-even: 0.1 days

Slippage unknown: Injective: live order book, 24 min ago; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.166%
Avg gap 7d: +0.268%

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 Injective live order book, 24 min ago	22.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	19.75 bp	25.8 bp −$26	57.6 bp −$576	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
Injective RENDER/USDC PERPlong	−0.2233%	1h	$7K	$113K	12x
Deribit RENDER_USDC-PERPETUAL	−0.0477%	1h	$14K	$123K	25x	as long as short
Variational Omni RENDER	−0.0004%	4h	$215K	$121K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$25K	5x	as long as short
Phoenix RENDER	0.0000%	1h	$38K	$476K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$256K	$230K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.6M	$62.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.8M	$19.5M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$12.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	$515K	$1.4M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC RENDER_USDT	+0.0100%	4h	$11.3M	$11.7M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.7M	$12.8M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$12.8M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.3M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$46K	$261K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$1.9M	$4.5M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$30K	$196K	10x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0256%	1h	$155K	$80K	50x	as long as short
Kraken Futures PF_RENDERUSDshort	+0.0309%	1h	$465K	$1.5M	50x
GMX RENDER/USD [ETH-USDC]	L +0.0335% / S −0.0778%	1h	$13K	—	100x	as long as short
Hyperliquid RENDER	+0.0340%	1h	$3.8M	$4.5M	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$584K	$1.4M	90x	as long as short