RENDER

Alert

Funding spread now, next payment 16:00 UTC+0.1453%/8h

next payment, per $10,000+$1.82paid, last 24h+0.179%paid, last 5 days+0.605%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.605% in total (about 44.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 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	Kraken Futures PF_RENDERUSD	1.7794	0.0145	pay 0.0018% / 1h	6m 50s	$459K	$1.5M	50x
Short	dYdX RENDER-USD	1.7796	0.1598	get 0.0200% / 1h	6m 50s	$18K	$25K	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee dYdXbpOrdersRate

Funding earned: $305.21
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $285.21
Break-even: 0.5 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.013%
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 Kraken Futures live order book, 3 min ago	12.93 bp	18.6 bp −$19	52.9 bp −$529	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 PERP	−0.2211%	1h	$6K	$113K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0594%	1h	$10K	$127K	25x	as long as short
Phoenix RENDER	−0.0045%	1h	$38K	$488K	5x	as long as short
Variational Omni RENDER	+0.0034%	4h	$213K	$121K	—	as long as short
Aster RENDERUSDT	+0.0100%	4h	$255K	$231K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.4M	$63.3M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.6M	$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	$501K	$1.4M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	$10.7M	$12.5M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	$4.6M	$13.1M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$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	$30K	$192K	10x	as long as short
Kraken Futures PF_RENDERUSDlong	+0.0145%	1h	$459K	$1.5M	50x
GMX RENDER/USD [ETH-USDC]	L +0.0333% / S −0.0778%	1h	$13K	—	100x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$581K	$1.5M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0344%	1h	$153K	$72K	50x	as long as short
Hyperliquid RENDER	+0.0392%	1h	$3.7M	$4.5M	5x	as long as short
dYdX RENDER-USDshort	+0.1598%	1h	$18K	$25K	5x