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: MEXC against Phemex0.000%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$710.709% 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)+0.064%+$6 · spread now 0.000%, 7d avg −0.008%

Together, before fees+0.148%+$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	1.8460	0.0100	pay 0.0100% / 8h	6h 22m	$1.8M	$3.9M	50x
Short	MEXC RENDER_USDT	1.8460	0.0100	get 0.0050% / 4h	2h 22m	$11.0M	$10.9M	200x

Funding history

latest

Range statsloading…

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago	8.11 bp	32.1 bp −$32	98.7 bp −$987	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.70 bp	2.7 bp −$3	6.3 bp −$63	51.0 bp −$5,097	205.1 bp −$102.5K

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	1.8440	−0.108%	$6K	$188K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8507	+0.253%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8465	+0.027%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8490	+0.163%	$267K	$143K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8465	+0.029%	$12.2M	$45.9M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8460	0.000%	$11.8M	$13.0M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8450	−0.054%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8476	+0.087%	$566K	$1.1M	50x	as long as short
MEXC RENDER_USDTshort	+0.0100%	4h	1.8460	0.000%	$11.0M	$10.9M	200x
KuCoin RENDERUSDTM	+0.0100%	4h	1.8500	+0.217%	$4.9M	$12.0M	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	1.8475	+0.081%	$9.9M	$10.6M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8480	+0.108%	—	$3.8M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8442	−0.098%	$226K	$279K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8477	+0.092%	$46K	$258K	50x	as long as short
Phemex RENDERUSDTlong	+0.0100%	8h	1.8460	long leg	$1.8M	$3.9M	50x
Extended RENDER-USD	+0.0104%	1h	1.8487	+0.148%	$28K	$197K	10x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0168%	1h	1.8520	+0.325%	$151K	$59K	50x	as long as short
Phoenix RENDER	+0.0217%	1h	1.8477	+0.092%	$47K	$297K	5x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0365% / S −0.0912%	1h	1.8487	+0.144%	$15K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0666%	1h	1.8492	+0.172%	$489K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0830%	1h	1.8501	+0.222%	$4.2M	$3.3M	5x	as long as short