RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h −0.154%

Price spread now: Variational Omni against Kraken Futures−0.188%7-day average −0.194% · you buy dearer than you sell

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

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.607%−$61 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.188%, 7d avg −0.194%

Together, before fees−0.501%+ Points / potential airdropVariational Omni: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.194%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RENDERUSD	1.8657	0.0406	pay 0.0051% / 1h	10m 58s	$478K	$1.1M	50x
Short	Variational Omni RENDER	1.8622	0.0021	get 0.0010% / 4h	3h 10m	$229K	$279K	—

Funding history

latest

Range statsloading…

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.188%Rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Variational Omni: RFQ quote, 63 min ago. Net counts fees only.

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, 2 min ago	11.22 bp	21.7 bp −$22	63.8 bp −$638	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	5.44 bp	doesn't fit	39.2 bp −$392	doesn't fit	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	−0.0213%	1h	1.8840	+0.981%	$6K	$188K	12x	as long as short
Coinbase International RENDER-PERP-INTX	−0.0040%	1h	1.8830	+0.927%	$155K	$65K	50x	as long as short
Deribit RENDER_USDC-PERPETUAL	−0.0018%	1h	1.8629	−0.150%	$11K	$30K	25x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8647	−0.054%	$19K	$21K	5x	as long as short
Variational Omni RENDERshort	+0.0021%	4h	1.8622	−0.188%	$229K	$279K	—
Aster RENDERUSDT	+0.0100%	4h	1.8650	−0.038%	$269K	$146K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8641	−0.088%	$12.5M	$46.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8620	−0.199%	$12.1M	$13.0M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8650	−0.038%	$3.2M	$8.2M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8627	−0.161%	$526K	$1.1M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RENDER_USDT	+0.0100%	4h	1.8630	−0.145%	$11.9M	$10.9M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8630	−0.145%	$5.3M	$12.0M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8652	−0.027%	$10.0M	$10.5M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8640	−0.091%	—	$3.9M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8869	+1.136%	$47K	$269K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8630	−0.145%	$1.9M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8636	−0.114%	$29K	$205K	10x	as long as short
Phoenix RENDER	+0.0171%	1h	1.8727	+0.375%	$48K	$324K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8660	+0.016%	$593K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0365% / S −0.0912%	1h	1.8639	−0.099%	$16K	—	100x	as long as short
Kraken Futures PF_RENDERUSDlong	+0.0406%	1h	1.8657	long leg	$478K	$1.1M	50x
Hyperliquid RENDER	+0.0848%	1h	1.8677	+0.107%	$4.3M	$3.4M	5x	as long as short