RENDER

Alert

Funding spread now, next payment 18:00 UTC+0.2370%/8h

paid, last 24h+0.160%paid, last 3 days+0.196%to open and closeno order book

Long on Injective Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.196% in total (about 23.2% 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	Injective RENDER/USDC PERP	1.7690	−0.2464	get 0.0308% / 1h	0m 20s	$5K	$80K	12x
Short	Variational Omni RENDER	1.7717	−0.0094	pay 0.0047% / 4h	2h 00m	$212K	$245K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: $497.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $497.72
Break-even: 0.0 days

Slippage unknown: Injective: live order book, 75 min ago; Variational Omni: RFQ quote, 40 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.151%
Avg gap 7d: +0.057%

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, 75 min ago	131.32 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	8.34 bp	doesn't fit	29.1 bp −$291	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	−0.2464%	1h	$5K	$80K	12x
Gate RENDER_USDT	−0.0212%	4h	$524K	$1.1M	50x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0144%	1h	$10K	$127K	25x	as long as short
Variational Omni RENDERshort	−0.0094%	4h	$212K	$245K	—
Phoenix RENDER	+0.0044%	1h	$38K	$400K	5x	as long as short
Kraken Futures PF_RENDERUSD	+0.0057%	1h	$452K	$1.2M	50x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$257K	$177K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.6M	$49.3M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.6M	$14.9M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.0M	$8.6M	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC RENDER_USDT	+0.0100%	4h	$10.5M	$11.4M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.5M	$12.7M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$10.7M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.1M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$45K	$258K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	$1.8M	$4.1M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$29K	$179K	10x	as long as short
dYdX RENDER-USD	+0.0126%	1h	$18K	$22K	5x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0334% / S −0.0778%	1h	$13K	—	100x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$578K	$1.3M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0408%	1h	$153K	$54K	50x	as long as short
Hyperliquid RENDER	+0.0675%	1h	$3.8M	$4.1M	5x	as long as short