RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.104%

Price spread now: Deribit against Coinbase International+0.466%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.891%−$89 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.466% dearer against Coinbase International than usual: you sell high and buy low (spread +0.466% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RENDER-PERP-INTX	1.8650	0.0256	pay 0.0032% / 1h	2m 28s	$154K	$64K	50x
Short	Deribit RENDER_USDC-PERPETUAL	1.8737	0	get 0.0000% / 1h	2m 28s	$11K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.466%Rate

Funding earned: −$53.76
Price spread: +0.466% → 0.000%: $46.65
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.11
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 10 min ago; Deribit: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 10 min ago	13.43 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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: 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
Variational Omni RENDER	−0.0075%	4h	1.8632	−0.094%	$229K	$293K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8727	+0.415%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALshort	0.0000%	1h	1.8737	+0.466%	$11K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8747	+0.522%	$270K	$164K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8748	+0.527%	$12.5M	$46.9M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8730	+0.429%	$12.1M	$13.3M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8750	+0.536%	$3.2M	$8.4M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8736	+0.461%	$540K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8740	+0.483%	$12.1M	$10.8M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8730	+0.429%	$5.2M	$12.2M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8744	+0.504%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8740	+0.483%	—	$4.1M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8720	+0.375%	$45K	$268K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8730	+0.429%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8738	+0.473%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8700	+0.268%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8742	+0.493%	$48K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTXlong	+0.0256%	1h	1.8650	long leg	$154K	$64K	50x
BloFin RENDER-USDT	+0.0340%	4h	1.8720	+0.375%	$592K	$1.3M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0365% / S −0.0912%	1h	1.8748	+0.523%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSD	+0.0591%	1h	1.8760	+0.591%	$483K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1353%	1h	1.8791	+0.756%	$4.4M	$3.4M	5x	as long as short