RENDER

Alert

Funding spread now, next payment 15:00 UTC+0.0823%/8h

next payment, per $10,000+$1.03paid, last 24h+0.072%paid, last 3 days+0.421%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix RENDER	1.7670	−0.0045	get 0.0006% / 1h	18m 25s	$38K	$488K	5x
Short	GMX RENDER/USD [ETH-USDC]	1.7655	L +0.0333% / S −0.0778%	get 0.0097% / 1h	18m 25s	$13K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GMXbpOrdersRate

Funding earned: $172.82
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $153.82
Break-even: 0.8 days

Slippage unknown: Phoenix: live order book, 30 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.084%
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 Phoenix live order book, 30 min ago	1.12 bp	13.6 bp −$14	53.3 bp −$533	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0315%	1h	$10K	$127K	25x	as long as short
Phoenix RENDERlong	−0.0045%	1h	$38K	$488K	5x
Variational Omni RENDER	+0.0009%	4h	$212K	$121K	—	as long as short
Aster RENDERUSDT	+0.0100%	4h	$254K	$230K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.3M	$63.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.5M	$19.6M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.0M	$12.0M	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	$10.4M	$12.4M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	$4.5M	$13.1M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.4M	$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	$260K	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	$29K	$192K	10x	as long as short
Kraken Futures PF_RENDERUSD	+0.0146%	1h	$457K	$1.5M	50x	as long as short
GMX RENDER/USD [ETH-USDC]short	L +0.0333% / S −0.0778%	1h	$13K	—	100x
BloFin RENDER-USDT	+0.0340%	4h	$581K	$1.5M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0344%	1h	$152K	$72K	50x	as long as short
Hyperliquid RENDER	+0.0425%	1h	$3.7M	$4.6M	5x	as long as short
dYdX RENDER-USD	+0.1813%	1h	$18K	$25K	5x	as long as short