RENDER funding rates

RENDER perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
20.2%long Variational, short Binance · net 17.6%
Highest funding now
11.4%Extended
Lowest funding now
−2.6%GateCEX
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
ExtendedRENDER-USD11.4%8.8%9.3%8.4%9.3%91%1h04:001.97$46k$198kExExtended
HyperliquidRENDER10.9%10.9%11.5%15.9%11.6%100%1h—1.98$2.8M$800kHyHyperliquid
AsterRENDERUSDT10.9%10.9%10.5%10.1%10.4%98%4h04:001.98$281k$26kAsAster
BinanceCEXRENDERUSDT10.9%8.4%8.8%9.5%8.9%90%4h04:001.98$14.3M$15.6MBnBinance
BybitCEXRENDERUSDT10.9%5.6%5.2%5.8%5.1%86%4h04:001.98$9.9M$4.2MByBybit
BitgetCEXRENDERUSDT10.9%10.9%10.9%9.9%10.9%100%4h04:001.98$10.4M$3.6MBgBitget
MEXCCEXRENDER_USDT10.9%8.9%9.2%8.1%9.3%90%4h04:001.98$12.4M$4.4MMxMEXC
VariationalRENDER−2.5%−11.9%−8.5%−8.2%−7.9%42%4h—1.97$222k$100kVaVariational
GateCEXRENDER_USDT−2.6%−0.3%7.0%7.8%8.3%88%4h04:001.98$646k$703kGtGate

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalHyperliquid13.5%22.8%20.0%24.2%17.7%26.6%1.6dsteady$222k4h/1hspread not incl.VaHycalc
VariationalBinanceCEX13.5%20.3%20.2%17.8%17.6%26.4%1.8dsteady$222kspread not incl.VaBncalc
VariationalAster13.5%22.8%19.0%18.4%16.9%25.4%1.5dsteady$222kspread not incl.VaAscalc
VariationalMEXCCEX13.5%20.8%17.7%16.3%16.7%25.0%0.8dsteady$222kspread not incl.VaMxcalc
VariationalBitgetCEX13.5%22.8%19.5%18.2%16.3%24.5%2.3dsteady$222kspread not incl.VaBgcalc
VariationalGateCEX−0.1%11.6%15.5%16.0%11.6%17.4%3.5dcooling$222kspread not incl.VaGtcalc
VariationalBybitCEX13.5%17.5%13.7%14.0%10.8%16.2%2.9dsteady$222kspread not incl.VaBycalc
VariationalExtended13.9%20.7%17.8%16.6%16.5%24.7%1.0dsteady$46klow OI4h/1hspread not incl.VaExcalc
BybitCEXHyperliquid0.0%5.3%6.4%10.2%1.2%1.8%11dcooling$2.8M4h/1hByHycalc
BybitCEXAster0.0%5.3%5.3%4.4%0.4%0.6%13dcooling$281kByAscalc
BybitCEXMEXCCEX0.0%3.3%4.1%2.3%0.1%0.2%14dweak$9.9MByMxcalc
BybitCEXExtended0.4%3.2%4.1%2.6%−0.1%−0.1%14dweak$46klow OI4h/1hByExcalc
BybitCEXBitgetCEX0.0%5.3%5.8%4.2%−0.2%−0.3%14dcooling$9.9MByBgcalc
BybitCEXBinanceCEX0.0%2.8%4.6%3.6%−0.9%−1.3%17dweak$9.9MByBncalc
MEXCCEXHyperliquid0.0%2.0%2.3%7.8%−1.1%−1.6%20dweak$2.8M4h/1hMxHycalc
GateCEXHyperliquid13.6%11.2%4.5%8.1%−1.7%−2.6%19dweak$646k4h/1hGtHycalc
MEXCCEXAster0.0%2.0%1.3%2.1%−1.8%−2.8%34dweak$281kMxAscalc
MEXCCEXBitgetCEX0.0%2.0%1.7%1.9%−2.4%−3.6%34dweak$10.4MMxBgcalc
BinanceCEXHyperliquid0.0%2.5%2.5%9.6%−2.5%−3.7%28dweak$2.8M4h/1hBnHycalc
GateCEXAster13.6%11.2%3.5%2.3%−2.5%−3.8%24dweak$281kGtAscalc
GateCEXMEXCCEX13.6%9.2%2.2%0.3%−2.8%−4.2%32dweak$646kGtMxcalc
BinanceCEXAster0.0%2.5%1.6%1.3%−3.1%−4.6%40dweak$281kBnAscalc
GateCEXBitgetCEX13.6%11.2%3.9%2.1%−3.1%−4.7%25dweak$646kGtBgcalc
AsterHyperliquid0.0%0.0%1.1%5.8%−3.4%−5.1%59dweak$281k4h/1hAsHycalc
BinanceCEXMEXCCEX0.0%0.5%0.1%0.0%−3.5%−5.3%397dweak$12.4MBnMxcalc
BinanceCEXBitgetCEX0.0%2.5%2.2%1.4%−3.6%−5.4%37dweak$10.4MBnBgcalc
GateCEXBinanceCEX13.6%8.7%2.1%−0.1%−4.4%−6.6%42dweak$646kGtBncalc
MEXCCEXExtended0.4%−0.1%0.1%0.3%−2.3%−3.4%525dweak$46klow OI4h/1hMxExcalc
AsterBitgetCEX0.0%0.0%0.5%−0.2%−4.8%−7.1%160dweak$281kAsBgcalc
BitgetCEXHyperliquid0.0%0.0%0.6%6.0%−4.9%−7.3%129dweak$2.8M4h/1hBgHycalc
BybitCEXGateCEX−13.6%−5.9%1.9%2.0%−4.9%−7.3%50dweak$646kByGtcalc
ExtendedHyperliquid−0.4%2.1%2.3%7.6%−1.4%−2.1%22dmixed$46klow OIExHycalc
GateCEXExtended14.0%9.1%2.2%0.6%−3.0%−4.5%33dweak$46klow OI4h/1hGtExcalc
BinanceCEXExtended0.4%0.4%0.1%0.3%−3.8%−5.7%425dweak$46klow OI4h/1hBnExcalc
GateCEXBybitCEX13.6%5.9%−1.9%−2.0%−8.7%−13.0%—weak$646kGtBycalc
ExtendedAster−0.4%2.1%1.2%1.8%−2.2%−3.2%39dmixed$46klow OI1h/4hExAscalc
AsterExtended0.4%−2.1%−1.2%−1.8%−4.6%−6.9%—weak$46klow OI4h/1hAsExcalc
ExtendedBitgetCEX−0.4%2.1%1.7%1.6%−2.8%−4.1%37dmixed$46klow OI1h/4hExBgcalc
HyperliquidExtended0.4%−2.1%−2.3%−7.6%−5.9%−8.9%—weak$46klow OIHyExcalc
BitgetCEXExtended0.4%−2.1%−1.7%−1.6%−6.1%−9.2%—weak$46klow OI4h/1hBgExcalc
GateCEXVariational0.1%−11.6%−15.5%−16.0%−19.4%−29.2%—mixed$222kspread not incl.GtVacalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:56 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 1.97332, sell on Bitget at 1.979: 0.287% before fees, 0.167% after taker fees.

RENDER: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget1.979Aster1.97833Hyperliquid1.9781Binance1.97722Gate1.9761Bybit1.976MEXC1.976Extended1.9736Variational1.97332
Variational1.973320.287%0.254%0.242%0.198%0.141%0.136%0.136%0.014%—
Extended1.97360.273%0.239%0.228%0.183%0.127%0.122%0.122%—−0.014%
Bybit1.9760.152%0.118%0.106%0.062%0.005%—0.000%−0.122%−0.136%
MEXC1.9760.152%0.118%0.106%0.062%0.005%0.000%—−0.122%−0.136%
Gate1.97610.147%0.113%0.101%0.057%—−0.005%−0.005%−0.127%−0.141%
Binance1.977220.090%0.056%0.044%—−0.057%−0.062%−0.062%−0.183%−0.198%
Hyperliquid1.97810.045%0.012%—−0.044%−0.101%−0.106%−0.106%−0.228%−0.242%
Aster1.978330.034%—−0.012%−0.056%−0.113%−0.118%−0.118%−0.239%−0.254%
Bitget1.979—−0.034%−0.045%−0.090%−0.147%−0.152%−0.152%−0.273%−0.287%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster1.978331.97833mark6m$26kno FX
BinanceCEX1.977221.97722mark5m$15.6Mno FX
BitgetCEX1.9791.979mark5m$3.6Mno FX
BybitCEX1.9761.976mark5m$4.2Mno FX
Extended1.97361.9736mark6m$198k
GateCEX1.97611.9761mark5m$703kno FX
Hyperliquid1.97811.9781mark6m$800k
MEXCCEX1.9761.976mark6m$4.4Mno FX
Variational1.973321.97332mark6m$100k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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