RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Phemex+0.028%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$950.954% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.028%, 7d avg +0.024%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RENDERUSDT	1.8470	0.0100	pay 0.0100% / 8h	6h 25m	$1.8M	$3.9M	50x
Short	Binance RENDERUSDT	1.8475	0.0100	get 0.0050% / 4h	2h 25m	$12.2M	$45.9M	75x

Funding history

latest

Range statsloading…

Binance against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	10.86 bp	35.9 bp −$36	95.7 bp −$957	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.71 bp	13.9 bp −$14	34.1 bp −$341	154.2 bp −$15.4K	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.0344%	1h	1.8430	−0.217%	$6K	$188K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8439	−0.169%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8469	−0.005%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8480	+0.053%	$267K	$143K	20x	as long as short
Binance RENDERUSDTshort	+0.0100%	4h	1.8475	+0.028%	$12.2M	$45.9M	75x
Bybit RENDERUSDT	+0.0100%	4h	1.8467	−0.016%	$11.8M	$12.9M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8490	+0.108%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8463	−0.038%	$565K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8460	−0.054%	$11.0M	$10.9M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8460	−0.054%	$4.9M	$12.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8469	−0.005%	$9.9M	$10.6M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8470	0.000%	—	$3.8M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8442	−0.152%	$226K	$279K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8374	−0.520%	$46K	$261K	50x	as long as short
Phemex RENDERUSDTlong	+0.0100%	8h	1.8470	long leg	$1.8M	$3.9M	50x
Extended RENDER-USD	+0.0104%	1h	1.8470	+0.002%	$28K	$197K	10x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0168%	1h	1.8340	−0.704%	$150K	$59K	50x	as long as short
Phoenix RENDER	+0.0217%	1h	1.8413	−0.309%	$47K	$297K	5x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0912%	1h	1.8471	+0.003%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0665%	1h	1.8500	+0.162%	$486K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0846%	1h	1.8495	+0.135%	$4.2M	$3.4M	5x	as long as short